Seven companies including RKM PowerGen, Jaiprakash Associates and MB Power have secured contracts to supply 1,900 MW of power to five states. Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of state-owned Power Finance Corp, awarded the contracts on Friday.
The companies, which also include Jindal India Thermal Power, IL&FS, Avantha Group’s Jhabua Power and SKS Power, will supply power to Tamil Nadu, Telangana, Bihar, West Bengal and Haryana, an official said.
Power purchase agreements (PPAs) with power distribution utilities of these states will be signed after receiving requisite clearances, the official added. Read More
Latest posts by The Economic Times (see all)
- Petrol, diesel under GST not possible till revenues stabilise: Arvind Subramanian - December 11, 2018
- Coal India to spend Rs 1,000 crore on executives’ salary hikes this year - December 11, 2018
- Finance ministry to push through two more M&As among energy PSUs to meet selloff target - December 10, 2018