Bharat Heavy Electricals (BHEL)is favoured to win part of NTPC’s tender to set up 750 MW solar park at Pavagada in Karnataka’s Tumkur district but its fate hinges on the power generator’s ability to sign purchase agreement with the home state .
Though the situation of coal stocks at power plants is believed to have improved with the seasonal fall in electricity demand with the advent of winter, state-run power generation behemoth NTPC has flagged fuel shortage at a number of its plants.
India’s Largest Power Generator NTPC To Showcase Expertise At Abu Dhabi’s World Future Energy Summit
Ranked among leading power majors globally, state owned NTPC will showcase its expertise and technical knowhow to execute power sector projects of any scale and size and explore business opportunities at World Future Energy Summit, Abu Dhabi next week.
Anil Ambani-led Reliance Infrastructure has emerged as the lowest bidder to bag a Rs 567 crore turnkey contract from NTPC for carrying out of Flue Gas Desulphurisation (FGD) works of its 1,500-mw power plant at Jhajjar in Haryana.
NTPC has been forced to cancel the result of its 250 mw solar auction held in October last year, which was won by Azure Power quoting a tariff of ₹3.14 per unit.
The December quarter is expected to be encouraging for thermal power companies with gradual recovery in demand and higher electricity prices in the spot market.
Solar power tariff fall seems to have bottomed out and may not drop beyond an all-time low of Rs 2.44 per unit in absence of well structured bids and rising solar panel prices on demand pressure.
Macro view of the conventional energy sector remains unappealing. Demand continues to grow at a sedate pace. Utilization levels remain sub-optimal and the government and the financial institutions are yet to find a meaningful solution for stressed projects.
Thirteen entities, including private power companies and banks have evinced interest in a tender floated by NTPC, the country’s largest power producer, seeking buyout of stressed assets, people aware of the development said.
India’s energy conglomerate NTPC has commissioned the 800MW second unit at the 4,000MW Kudgi super thermal project in Karnataka, a state in India.