PSERC Approves Redetermined Tariff for Dee Development's 8 MW Biomass Power Plant
The Punjab State Electricity Regulatory Commission (PSERC) has approved the redetermined tariff for Dee Development Engineers Ltd's 8 MW biomass-based power plant located in District Fazilka, Punjab. The petition was filed for review of the Order dated May 15, 2025 determining the tariff payable to the Company as the initial 13-year tariff period under Power Purchase Agreement (PPA) dated March 4, 2011, executed with Punjab State Power Corporation Limited (PSPCL) was expired. The Commission has now determined the tariff for the remaining useful life of the project (i.e., from January 1, 2024, to February 4, 2029). The overall detail and impact of such orders have been explained in the press release attached here with as “Annexure-A”.
Key Highlights
- PSERC approves redetermined tariff for Dee Development's 8 MW biomass power plant
- Tariff determined for the remaining useful life of the project from January 1, 2024, to February 4, 2029
- Retrospective recovery demand by PSPCL due to tariff differential between January 1, 2024, and April 30, 2025
- Projected revenue decline going forward if revised tariff rates continue to apply
- Company to convene a meeting of the Board of Directors to deliberate on the future course of action