New Delhi, April 1 DEE Development Engineers Ltd announced on Wednesday that it has secured a revised tariff of ₹5.224 per unit from the Punjab State Electricity Regulatory Commission (PSERC) for its 6 MW biomass-based power plant in Malwa, Punjab.
The order extends the plant's operations for another 10 years. This follows the expiry of the facility's 20-year power purchase agreement with Punjab State Power Corporation Limited (PSPCL) in April 2025, ensuring continued revenue stability for DEE's biomass division amid India's push for renewable energy.
The plant, commissioned in 2005, had been operating under an interim tariff of ₹3.50 per unit during the pendency of the petition. With the issuance of the final order, the revised tariff represents an increase of approximately 49 per cent, with a provision for a 5 per cent annual escalation on the variable component.
"The revision will directly increase FY 2025-26 revenue by ₹5.80 crore, arising from the recovery of differential revenue for power supplied between May 2025 and February 2026 under the interim arrangement," the company said in a statement.
The Malwa Power Plant generates renewable energy using biomass fuels such as rice husk and agricultural residue, contributing to cleaner energy generation while supporting waste-to-energy utilization in the region.
Based on the revised tariff and projected operations at 85 per cent Plant Load Factor (PLF), the company estimates annual revenue of ₹24.31 crore from power generation in 2026-27, providing improved visibility and stability to its biomass operations.