HPERC imposes penalty on HPSEBL
HPERC on 10th November 2014 issued order on petition filed by M/s Ujaas Energy Limited for non compliance of Renewable Power Purchase Obligation by obligated entities.? Honorable commission has directed obligated entities to procure RECs from power exchange if there is any shortfall in the fulfillment of RPPO. Commission while deciding the case has noted that HPSEBL had fully met and in fact exceeded the specified target for Non Solar RPPO for last three years but was unable to meet the Solar RPPOs for FY 12 and FY 13.The commission has also decided that shortfall of Solar RPPOs for FY 12 and FY 13 shall be met during FY 16 and FY 17. ?There was a shortfall of 0.74 MU and 18.4 MU in the solar RPPO for FY 12 and FY 13.
Honorable commission is of the view that in the MYT they have already approved the purchase of solar power by HPSEBL to meet its Solar RPPOs. Keeping in view the judgement of Hon’ble APTEL that since RECs are available in the market, targets cannot be carried forward to future years and had directed HPSEBL should deposit the compensation of Rs 17.23 crores in a separate fund to be created by HPSEBL in its account as RPPO Compensation Fund for non-compliance of RPPO in 2013-14.