Dee Development Engineers Ltd

🔌 Key Update: MPPL’s 10-Year PPA Extension Valid, Tariff Decision Pending

- MPPL's PPA with PSPCL expired on 27th April 2025, but was extended for 10 years by PSPCL at ₹3.50/unit.

- PSERC ruled on 18th September 2025 that PSPCL cannot set tariffs unilaterally—the Commission will determine the rate.

- Interim order (24th April 2025) allowed continued supply at ₹3.50/unit pending final decision.

- Tariff hearing scheduled for 6th November 2025 to finalize rates for the 10-year extension.

- Management expects favorable tariff determination, citing PSERC’s cost-consideration precedent.

- MPPL (DEE’s subsidiary) operates in biomass power generation; parent company specializes in piping systems and renewables.