Quarterly Updates21 Aug 2025, 10:41 pm
PSERC Approves Revised Tariff for Dee Development Engineers Ltd's 8 MW Biomass Power Plant
AI Summary
The Punjab State Electricity Regulatory Commission (PSERC) has approved the re-determined tariff for Dee Development Engineers Ltd's 8 MW biomass-based power plant located in District Fazilka, Punjab. The Commission has determined the tariff for the remaining useful life of the project, i.e., from January 1, 2024, to February 4, 2029. The Company estimates an annual revenue reduction of approximately INR 18.20 Crores under the revised rate and may face a retrospective recovery demand of INR 13.02 Crores from Punjab State Power Corporation Limited (PSPCL).
Key Highlights
- PSERC approves revised tariff for Dee Development Engineers Ltd's 8 MW biomass power plant
- Tariff determined for the remaining useful life of the project from January 1, 2024, to February 4, 2029
- Company estimates an annual revenue reduction of approximately INR 18.20 Crores
- PSPCL may raise a retrospective recovery demand of INR 13.02 Crores
- Variable cost to be escalated by 5% annually till February 4, 2029