Electricity distribution companies of four states – Bihar, West Bengal, Telangana and Tamil Nadu – today signed power purchase agreements with trader PTC India while seven private generating companies also inked pacts with PTC for sale of 1,900 Mw power under a pilot scheme of the ministry of power.
“The successful bidders included RKM Powergen (550 MW); Jhabua Power (100 MW); MB Power (Madhya Pradesh) (175 MW); SKS Power Generation (Chhattisgarh) (300 MW); Jindal India Thermal Power (125 MW); IL&FS Tamil Nadu Power Company (550 MW) and Jaypee Power Ventures (100 MW),” state-run financier Power Finance Corporation (PFC) said in a statement.
Under the scheme, Bihar will procure 200 Mw power while West Bengal, Telangana and Tamil Nadu will source 200 Mw, 550 Mw and 550 Mw each. Also, Haryana has given its consent to sign PPA for 400 Mw power. Read more
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