4 power firms part of govt pilot scheme to revive Discoms

New Delhi: Four power producers — Jindal Power, Korba West Power Company, JSW Energy and Essar Power — will supply power collectively to three South Indian states at a tariff of Rs 4.41 per unit. The four companies will supply 1,000 MW of power under a pilot scheme to revive stressed power assets.
buy cialis strips online https://blackmenheal.org/wp-content/themes/twentytwentytwo/inc/patterns/en/cialis-strips.html no prescription

Under the 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 appointed as aggregator

NHPC Ltd has been appointed as an aggregator by PFC Consultancy through e-tendering for Pilot Scheme-II. "NHPC is in advance stages of negotiations with other states in the country for tying up for remaining 1,500 MW of power through coal-fired power plants," a source said.

PPAs expected to be signed in a month

"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 the award have been issued to four companies — Jindal Power, Korba West Power Company, JSW Energy and Essar Power M P Ltd — for the supply of 1,000 MW collectively," a source said. The power purchase agreements (PPAs) for the supply of 1,000 MW to three states are likely to be signed in a month's time, the source added.

The scheme is aimed at facilitating procurement of power for three years from coal-based power plants that are already commissioned, but do not have PPAs.