Rajasthan energy department to exit five PPAs signed with NTPC

29 Jun 2021 CW Team

The energy department has decided to exit five expensive power purchase agreements (PPAs) worth 252 megawatts with National Thermal Power Corporation(NTPC) as an effort to lower the high cost of power.

The energy ministry has approved a decision to terminate PPAs signed in 1994 at a rate of Rs 15 per unit for the Anta Gas plant and Rs 10 for the Auraiya Gas plant.

The government expects to save Rs 200 crore per year as a result of this decision.

The decision to exit unsustainable PPAs comes after the Centre allowed distribution companies to terminate agreements with plants that have outlived their useful lives and are running on outdated, inefficient technology, resulting in higher production costs, in March.

With renewable energy sources providing power for less than Rs 2.50 per unit, the department is attempting to release as much high-cost thermal capacity as possible to reduce costs and provide lower-cost power to consumers.

Rajasthan Vidyut Utpadan Nigam Ltd (RUVNL) recently submitted a proposal to retire two Kota Super Thermal Power Ltd units, each producing 110 units.

These plants were built in 1984 using outdated technology and design. The cost of generation is much higher when compared to not only solar power but also new thermal projects.

Image Source

Also read: Acme Solar withdraws petition to cancel PPAs signed for Rajasthan projects

Also read: Kerala Commission approves PPA for KSEB-Tata Power solar project

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..