Cautioned by spot power prices rising to record levels due to coal shortage at power plants in the last summer, states have started making arrangements to tie up power supply agreements on a short-term basis right from the beginning of the new year.
Four such auctions have already been conducted this year, through which Uttar Pradesh and Maharashtra seek to tie up a cumulative 2,850 MW capacity for May and June, 2019. Stressed power projects, vying for new avenues of electricity sale, were among the lowest bidders.
The tariffs quoted by power producers against such bids range between Rs 5.09/unit-Rs 7.49/unit. Read More