Andhra Pradesh’s electricity distribution companies (discoms) signed power purchase agreements (PPAs) with various wind power generators at between Rs 4.76 and Rs 4.84 per unit in 2015, at tariffs that looked competitive then. But now that, two years later, Solar Energy Corporation of India (SECI) managed to get bids as low as Rs 3.46 per unit SECI invited bids for 1,000 MW the Andhra Pradesh discoms want their PPAs to be revised down to these levels. In addition, the discoms also want various central-government incentives for wind energy firms to be passed on to them.
The discoms have approached the state’s power regulator unilaterally seeking a lowering of the tariffs under a host of existing PPAs with wind power generators. The discoms’ bid to virtually dishonour the PPA terms would put wind power projects of around 1,000 MW in a bind and could set a bad precedent, analysts said. Read More…
Credit By : The Financial Express
Latest posts by The Financial Express (see all)
- Infrastructure Boost: From Nitin Gadkari Saving Rs 3 Lakh Cr Of Bad Loans, Power Rates In Up To Era Of Black Gold Being Over, What You Must Know – August 16, 2017
- Road Sector Alone Saved Rs 3 Trillion Worth Of Loans, Says Nitin Gadkari – August 11, 2017
- Mid-Term Expenditure Framework: Government Projects Petroleum Subsidy Falling To Rs 10,000 Crore In FY20 – August 10, 2017