State Discoms and IPPs ink Power Supply Agreements (PSAs) and Power Purchase Agreements (PPAs) for 1900 MW for 3 years under Pilot Scheme MOU

State Discoms and IPPs Ink PSAs and PPAs for 1900 MW

 

New Delhi: In a ceremony held in Power Finance Limited (PFC), under the aegis of Ministry of Power, Four (04) State Discoms namely Bihar, West Bengal, Telangana and Tamil Nadu signed Power Purchase Agreements with PTC India Ltd. Simultaneously, Power Supply Agreements Seven (07) were also signed between the IPPs and PTC India Ltd.
 
The Successful Bidders were R K M Powergen Private Ltd. (550 MW); Jhabua Power Ltd (100 MW); M B Power (Madhya Pradesh) Ltd. (175 MW); SKS Power Generation (Chhattisgarh) Ltd. (300 MW); Jindal India Thermal Power Ltd. (125 MW); IL&FS Tamil Nadu Power Company Ltd. (550 MW) and Jaypee Power Ventures Ltd. (100 MW). The States who will be procuring power are Bihar (200 MW); West Bengal (200 MW); Telangana (550 MW) and Tamil Nadu (550 MW) while Haryana has consented to sign for 400 MW.
 
The Agreements under the scheme were executed in presence of Shri A. K. Bhalla, Secretary, MoP (GoI), Shri Rajeev Sharma, CMD PFC Ltd and Shri Deepak Amitabh, CMD PTC India Ltd., other Officials from PFCCL, PTC, Successful Bidders and State Discoms. 
 
Ministry of Power had issued Guidelines to facilitate procurement of aggregated power of 2500 MW for 3 years under Pilot Scheme from coal based commissioned power plants.
 
The market-oriented Agreements are expected to lessen the burden on State Discoms and would lead to efficient utilization of capacities presently un-utilized.


Posted Date :  31-10-18

Categories : MOU

Similar news

Numaligarh Refinery Limited joins hands with IIT-Guwahati

New Delhi: NRL joins hands with IIT-Guwahati to develop bio-degradable plastics from oil and bio-refinery streams. A Memorandum of Understanding (MoU) between NRL and IITG was signed on 13th September 2019 for establishing ‘NRL Centre of Excellence on Sustainable Materials’. Sr. CGM (Corporat
Posted Date :  14-09-19

Read more

BEML signed MOU with Bharat Forge

New Delhi: BEML and Bharat Forge signed an MOU to jointly explore emerging opportunities in domestic and export markets by leveraging complementary strengths for ‘Make in India' . A step towards Public Private partnership.
Posted Date :  13-09-19

Read more

WAPCOS signed MoU with Estonian Latvian And Lithuanian Environment

New Delhi: In the presence of Mr. R.K. Gupta, CMD WAPCOS; Mr. R.K. Agrawal, Chief Executive Director, WAPCOS signed MoU with Mr. Valts Vitnis, Director, ELLE (Estonian, Latvian & Lithuanian Environment), Latvia for Cooperation in Environment and Infrastructure Sector for Projects in Eastern Europ
Posted Date :  10-09-19

Read more

DFCCIL inked a MoU with UOW

NEW DELHI. DFCCIL inked a Memorandum of Understanding (MoU) with UOW: University of Wollongong, Australia, to establish a mutually beneficial collaboration paving the way for a wide range of research, teaching and consultation activities at Delhi, today. The MOU was signed by Shri Anurag Sach
Posted Date :  10-09-19

Read more

NBCFDC Signed MOU with EIL and CIPET

New Delhi: NBCFDC signed tripartite MOU with EIL and CIPET on 06.09.2019 for imparting skill training of 902 youth of target group for a total amount of Rs. 4.33 scores under CSR initiatives of EIL. MoU was singed by Shri. Abhijit Roy, DGM, EIL, Shri Suresh Kumar Sharma, DGM, NBCFDC and Shri B P.
Posted Date :  07-09-19

Read more

CIL SIGNED MOU IN RUSSIA

New Delhi: Shri. Anil Kumar Jha, Chairman, CIL exchanged MoUs with Mr. Leonid Gennadievich Petukhov, Director General, The Far Eastern Agency for Attracting Investments and Supporting Exports and Eastern Mining Company (FEMC) of Russian Federation.   The MoU with Far Eastern Mining Compa
Posted Date :  04-09-19

Read more

WAPCOS signed Mou with Austrian Federal Economic Chamber

New Delhi . Signing of Memorandum of Understanding between WAPCOS, A Government of India Enterprise under Ministry of Jal Shakti, Government of India and Austrian Federal Economic Chamber (WKO), Austria for A Strategic Partnership for the Promotion of Cross Border Cooperation between India and Au
Posted Date :  04-09-19

Read more

NSIC signs MoU with State Bank of India

New Delhi. NSIC and STATE BANK OF INDIA have signed a Memorandum of Understanding (MOU) on 5th August 2019 to promote Credit facilitation for sustainable development of MSMEs. The MOU was signed by Sh. A.K Mishra, General Manager (BT/FFC),NSIC and Sh. Ved Prakash ,Deputy General Manager of STATE
Posted Date :  13-08-19

Read more

WAPCOS Signs an MoU with NIA to Provide Project Management Services

New Delhi: WAPCOS Limited has signed an MoU with National Investigation Agency (NIA), for Project Management Agency to Provide Project Management Services for Planning, designing and construction of Office and Residential Buildings at Jammu and Kochi. The MoU was signed in presence of Shri Y
Posted Date :  02-08-19

Read more

NALCO HCL and MECL Jointly to form KABIL

Bhubaneswar: The long-awaited dream to acquire strategic mineral assets abroad is all set to turn into reality as National Aluminium Company Ltd (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL), the three CPSEs under Ministry of Mines, Government of India, signed
Posted Date :  01-08-19

Read more

RailTel Signs MoU with RITES to Provide Digital Services

New Delhi: RailTel Corporation of India Ltd. (RailTel) has signed an MoU with RITES for providing Digital Services to RITES on 31st July 2019 at New Delhi. The MoU was signed in august presence of Shri Puneet Chawla, CMD, RailTel, Shri Rajeev Mehrotra, CMD, RITES, Shri Sanjai Kumar, DNMP, Rai
Posted Date :  01-08-19

Read more

EESL Signs MoU with NOIDA to install EV Charging Point in the City

New Delhi: Energy Efficiency Services Limited (EESL), an energy service company of the Government of India and the world's largest public ESCO, has signed a MoU with New Okhla Industrial Development Authority (NOIDA) to install nearly 100 public charging stations in the city. It is expected
Posted Date :  31-07-19

Read more