Power Update

Power companies bid for three-year PPA with states

May 2019
The power plants of JSW Energy, Jaiprakash Associates, Jindal Power, Sembcorp Gayatri and Essar Power are among the 
16 projects that have bid for three-year PPAs with states. 

The auction for 2,500 MW PPAs has received bids aggregating 4,077 MW. Given the good response, the government is expecting lower tariffs in the range of Rs 3.50-Rs 4 per unit in the current round of the PPA auction against Rs 4.24 per unit in the first such auction conducted 
last year.