Source: Business Standard, Nov 13, 2018
New Delhi: Buoyed by a good response for the first tender of mid-term (3 years) power purchase agreement auction, the power ministry will bring its second round for 2,500 Mw capacities to give relief to stressed power assets, Power Secretary A K Bhalla said Tuesday.
A PPA is a prerequisite for getting coal supplies for power plants.
Power sector is facing stress due to coal shortage and other issues. Many power projects are starving for coal in the absence of PPAs. The government’s scheme to auction 2,500 MW medium-term PPAs evoked good response and PPAs for 1,900 Mw capacities were signed under the scheme last month.
“We found that a lot of interest is coming up for (the scheme to auction) 2,500 Mw medium-term PPAs. So definitely there would be PPAs coming up (on the block). This was a pilot. We will try to bring a formal scheme for another round of 2,500 Mw medium-term PPAs. Read the rest of this entry »