The Brihanmumbai Electricity Supply and Transport (BEST) has cleared a proposal for solar energy contracts worth Rs 963 crore. At a meeting of the BEST committee held on Januarty 9, the Committee Chairperson Ashok Patil, who is from the Shiv Sena siad that there was nothing wrong in clearing the proposal.
Best has strict directives from Maharashtra Electricity Regulatory Commission (MERC) to procure power from renewable energy sources as per the Renewable Purchase Obligation (8 per cent of total power) by March-end or pay a hefty penalty.
Best cannot delay it any longer. And efforts to procure solar power from Maha-Genco failed as it demanded a higher rate of Rs 15.61 per unit. In comparison, the two companies Best favoured on January 10 will provide solar power for Rs 8.56 per unit for the next 25 years, he said. The 25-year contract is justified as no company will supply solar power for a lesser tenure, said BEST official.
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