+
Centre to invite bids from 8,000 MW power capacity without PPAs
POWER & RENEWABLE ENERGY

Centre to invite bids from 8,000 MW power capacity without PPAs

RK Singh, the Power Minister, announced that the government would invite bids from the states to sell electricity produced from 8,000 megawatts (MW) thermal capacities without power purchase agreements (PPAs).

Singh, who is also the Minister for New and Renewable Energy, told the media that there are no power purchase agreements for 8,000 MW of India's thermal capacity.

The minister explained the government's strategy for dealing with the problem, saying that states had been asked to send their electricity needs and that bids would then be requested in response.

The minister said that for these plants to begin operating, some thermal capacities are the subject of National Company Law Tribunal (NCLT) proceedings.

The government has already taken several steps, including meeting with the bankers, to resolve the situation as soon as possible.

He said the NCLT contains some projects. There are 17,500 MW of power facilities in the nation that only use imported coal, and 2,500 MW of it fell under the NCLT.

Singh revealed that in a meeting with bankers etc., they devised strategies for getting this going.

He added that they would aggregate (their demand) and call on for bids, and based on the bids, whoever puts in the lowest bids, PPAs would be signed. Once PPAs are signed, they (states) will get the power.

Image Source

Also read: Andhra Pradesh to buy 500 MW-1,500 MW daily to meet power demand

RK Singh, the Power Minister, announced that the government would invite bids from the states to sell electricity produced from 8,000 megawatts (MW) thermal capacities without power purchase agreements (PPAs). Singh, who is also the Minister for New and Renewable Energy, told the media that there are no power purchase agreements for 8,000 MW of India's thermal capacity. The minister explained the government's strategy for dealing with the problem, saying that states had been asked to send their electricity needs and that bids would then be requested in response. The minister said that for these plants to begin operating, some thermal capacities are the subject of National Company Law Tribunal (NCLT) proceedings. The government has already taken several steps, including meeting with the bankers, to resolve the situation as soon as possible. He said the NCLT contains some projects. There are 17,500 MW of power facilities in the nation that only use imported coal, and 2,500 MW of it fell under the NCLT. Singh revealed that in a meeting with bankers etc., they devised strategies for getting this going. He added that they would aggregate (their demand) and call on for bids, and based on the bids, whoever puts in the lowest bids, PPAs would be signed. Once PPAs are signed, they (states) will get the power. Image Source Also read: Andhra Pradesh to buy 500 MW-1,500 MW daily to meet power demand

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code