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

Next Story
Infrastructure Energy

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Next Story
Infrastructure Energy

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Next Story
Infrastructure Energy

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?