The thermal power plant of the Srei group at Haldia has eventually found a buyer, with West Bengal State Electricity Distribution Company agreeing to purchase 300 MW.
According to government sources, the state electricity regulatory commission in an order issued late last month has approved a supplementary agreement to the principal power purchase agreement signed in 2010 – that allows power to be bought at an ad hoc tariff of Rs 3.89 per unit subject to a final rate set by the commission.
Having obtained an environmental clearance from the state pollution control board in 2010, the project subsequently faced several hurdles starting from a pollution control moratorium at Haldia to obtaining coal linkage and securing power purchase agreements. Read more
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