The Ministry of Power (MoP) on September 25, 2023, issued a notification regarding the Approval of Procedure for Implementation of Uniform Renewable Energy Tariff.
The following has been stated: -
•The start date of each category of the central pool will be separately notified by the Central Government. The duration of the central pool will be five years. All the capacity for which PSA is signed within this duration of 5 years will be part of the Central Pool, provided, other eligibility conditions are fulfilled. After the end of the duration of five years from the start date of the pool, no new capacity will be added to the pool. All such capacity will remain part of the pool till the expiry of their respective Agreement. The URET of this pool will be calculated considering energy from such capacities only.
Further, after the end of five years from the start date of the central pool of any renewable energy source, a new Central Pool of that renewable energy source may be formed. All new participants of the pool may be added to the new pool.
•All the contractual obligations between power generators and intermediary procurer and intermediary procurer and end procurer including but not limited to liquidated damages, penalties, extension charges, and dispute resolutions will be governed by respective bidding documents including Power Purchase Agreements, Power Sale Agreements and will have no bearing on uniform renewable energy tariff.
The detailed procedure is given in the document attached below.
[Notification No.13/05/2023-RCM/NRE]
