Himachal Pradesh Electricity Regulatory Commission Approves Power Purchase Agreement for 1.0 MW Solar Power Project

Strategic Insights -

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved the Power Purchase Agreement (PPA) for the 1.0 MW Markandey Rishi Solar Power Project, situated in Kullu district of Himachal Pradesh. The project, which is being set up by M/s Markandey Rishi Solar Power Project, aims to promote the development of renewable energy sources in the state. The PPA was approved under Section 86 (1) (b) of the Electricity Act, 2003, read with Regulations 56 and 57 of the HPERC (Conduct of Business) Regulations, 2024.

Key Takeaways:

  • The HPERC has approved the PPA for the 1.0 MW Markandey Rishi Solar Power Project, which is situated in Kullu district, Himachal Pradesh.
  • The project has been set up by M/s Markandey Rishi Solar Power Project and aims to promote the development of renewable energy sources in the state.
  • The PPA was approved under Section 86 (1) (b) of the Electricity Act, 2003, read with Regulations 56 and 57 of the HPERC (Conduct of Business) Regulations, 2024.
  • The project has a scheduled commercial operation date of 03.04.2026, and the Joint Petitioners have signed a connection agreement on 28.08.2025.
  • The HPERC has determined a generic levellised tariff of Rs. 3.45 per kWh for Solar PV Projects in rural areas, as determined by the Commission vide Order dated 27.03.2025.
  • The Joint Petitioner No. 2 shall intimate the Joint Petitioner No. 1 on receipt of financial subsidy, if any.
  • The project has been accorded approval by HIMURJA (HP Govt. Energy Development Agency) vide letter No. HIMURJA (F-7)/SPV Projects/2024-146 dated 04.04.2025.
  • The HPSEBL and M/s Markandey Rishi Solar Power Project have been granted approval to connect the project to the grid under the HPERC (Promotion of Generation from Renewable Energy Sources and Terms and Conditions for Tariff Determination) Regulations, 2017.

Statistics:

  • The project has a capacity of 1.0 MW.
  • The scheduled commercial operation date of the project is 03.04.2026.
  • The tariff for the project has been determined as Rs. 3.45 per kWh.
  • The project has been accorded approval by HIMURJA (HP Govt. Energy Development Agency) vide letter No. HIMURJA (F-7)/SPV Projects/2024-146 dated 04.04.2025.

Sources:

  • Order of the HPERC dated 13.10.2025 in Petition No. 213 of 2025
  • Annexure-IV: Letter No. HIMURJA (F-7)/SPV Projects/2024-146 dated 04.04.2025
  • Annexure-VIII: Letter No. HIMURJA (F-7)/SPV Projects/ 2024-407 dated 11.04.2025
  • Order of the HPERC dated 27.03.2025 in Suo Moto Petition No. 02 of 2024
  • HPERC (Promotion of Generation from Renewable Energy Sources and Terms and Conditions for Tariff Determination) Regulations, 2017