Jindal, JSW, Essar, Korba West to soon supply 1,000 MW powerat ₹4.41 per unit


Jindal, JSW, Essar, Korba West to soon supply 1,000 MW powerat ₹4.41 per unit

Four power producers, including Jindal Power and JSW Energy, are set to supply 1,000 MW power collectively to three south Indian States at a tariff of ₹4.41 per unit for short-term under a pilot scheme to bring back stressed power assets on stream.

Under Pilot Scheme-II of Ministry of Power, Jindal Power would supply 315 MW, followed by Korba West Power Company (295 MW), JSW Energy (290 MW), Essar Power M P Ltd (100 MW). NHPC was appointed an aggregator by PFC Consultancy through e-tendering for Pilot Scheme-II.

“NHPC has got confirmation from three south Indian states for signing short-term (for 3 years) power purchase agreements (PPAs) for supply of 1,000 MW. Therefore, the letters of award have been issued to four companies — Jindal Power, Korba West Power Company, JSW Energy and Essar Power M P Ltd — for supply of 1,000 MW collectively,” a source said.

The PPAs for supply of 1,000 MW to three states are expected to be signed in a month, the source said. State-owned hydro power giant NHPC is the aggregator for tying up 2,500 MW power under the scheme. Read More

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