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.
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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 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.
"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.