1. Home
  2. Featured
  3. Andhra Pradesh amends PPA for 10 GW of Solar Power Projects
Andhra Pradesh amends PPA for 10 GW of Solar Power Projects

Andhra Pradesh amends PPA for 10 GW of Solar Power Projects

0
0

Energy Department – Scheme for providing nine hours day time free power supply to the Agricultural Sector on a sustainable basis by
establishing 10000 MWp of Solar Power Projects – Certain modifications / amendments to the Scheme – Orders – Issued

In the G.O. first read above, orders were issued for establishment of 10,000 MWp of solar power capacity in the State to provide 9-hours
daytime free power supply to the agriculture sector on a sustainable basis.

It has been ordered that the Andhra Pradesh Green Energy Corporation Limited (APGECL) shall procure solar power through a transparent bidding process under the Build, Operate, Transfer (BOT) mode from developers for a period of thirty (30) years; and that the developers shall be paid a flat bid tariff for the first 15 years and pre-fixed O&M charges from 16th year of commissioning. After issuance of the above orders, certain changes that had taken place were brought to the notice of Government, and after considering the same, Government has issued orders in the G.O. 2nd read above, making certain modifications to the Scheme.

It is proposed to change the tenure of the Power Purchase Agreement (PPA) period to 30 years instead of 25 years since this increase in PPA tenure is expected to help realise lower tariff in the bidding process. During the tenure of the PPA, the solar project developer will Build, Own and Operate the Solar Project and the ownership of the Government Land shall continue to vest with the Government. The ownership of Assigned and Private Land shall continue to vest with the respective individuals.

For more information please see below link:

Anand Gupta Editor - EQ Int'l Media Network