The Rajasthan Electricity Regulatory Commission (RERC) has sanctioned Rajasthan Urja Vikas & IT Service (RUVITL) to procure 1,000 MW of solar power from seven different developers.
RUVITL signed power purchase agreements with the chosen developers between February and March 2024 for a duration of 25 years. The decision, designed to meet the state’s renewable energy purchase obligations and daytime power demand, upheld the competitive bidding process and approved tariffs ranging from Rs 2.61 per kWh to Rs 2.62 per kWh. The approval of this procurement is anticipated to raise the attainment of the other renewable purchase obligation category from 26.35 per cent to 27.77 per cent.
