In a recent hearing about a 1,000 MW solar power procurement, SECI was questioned on its 7 paise/unit trading margin, deemed unjustified by the commission due to SECI’s reduced financial risk. UPPCL, bound by renewable obligations, accepted the margin but requested more time to negotiate. The commission allowed two weeks for resolution and UPPCL to submit the full PPA by September 5, 2024.
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