The Kerala State Electricity Regulatory Commission (KSERC) has directed INOX Renewables Limited, the Kerala State Electricity Board Limited (KSEB), and Damodar Jagannath Malpani to enter into a tripartite power purchase agreement (PPA) for a 16 MW wind energy project.
The PPA is for the sale of electricity from the 16 MW wind energy project commissioned at the Kinfra Textile Park at Palakkad. The Commission has asked the tripartite PPA to be submitted before the Commission for approval. The Commission has also asked to register the power of attorney given by INOX to Damodar Jagannath Malpani for the project. In April 2019, Damodar Jagannath Malpani had filed a petition for the approval of the PPA to be signed with KSEB. D J Malpani was not a party to the original petition filed by INOX for the approval of the tariff. So, the Commission asked the original petitioner to file a separate petition for the approval of the PPA instead of filing a petition through a third party.” The Commission further clarified that any person authorized by the petitioner INOX could sign the PPA with KSEB. In response, INOX filed a petition before the Commission for the approval of the PPA, but INOX later reported that D J Malpani made the entire investment in the project.
KSEB presented that it had initiated the PPA with D J Malpani for the purchase of the electricity generated from the 16 MW wind power project at the tariff approved by the Commission. The Commission noted that as per the power of attorney, the role of the D J Malpani is limited to an investor to receive payments for the energy injected from the project into the grid. Accordingly, D J Malpani is authorized to sign the PPA with KSEB.Source : https://mercomindia.com/kerala-directs-inox-tripartite-ppa-wind-project/
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