The authorities will invite bids from states to promote electrical energy generated from 8,000 megawatt (MW) thermal capacities with out PPAs, Power Minister RK Singh has mentioned.
A complete of 8,000 MW of thermal capacities in India are with none energy buy agreements, Singh, who can be the Minister for New and Renewable Energy, informed PTI.
Replying to a query associated to capacities with out PPAs in India, the minister mentioned, “There are 8,000 MW of capacities which don’t have PPAs in thermal”.
Sharing the federal government’s plan to resolve the problem, the minister knowledgeable that states have been requested to ship their electrical energy requirement, and accordingly bids can be invited.
“We will aggregate (their demand) and call on for bids and based on the bids, whoever puts in the lowest bids, PPAs will be signed. Once PPAs are signed, they (states) will get the power,” he mentioned.
Speaking additional, the minister mentioned there are additionally some thermal capacities present process the National Company Law Tribunal (NCLT) proceedings, and the federal government has already taken a number of steps, together with assembly with the bankers, to resolve the problem on the earliest so such crops can begin operations.
“There are some projects in the NCLT. The country has 17,500 MW plants, which run only on imported coal. Out of that, 2,500 MW were under the NCLT. I had a meeting with bankers etc. We worked out on ways and means of starting this,” he mentioned.
Source: www.financialexpress.com”