The PPAs were red-flagged by the Dicoms, says finance minister. Vijayawada: The YSRC government strongly suspects that nepotism and corruption took place in signing Power Purchase Agreements (PPAs) for renewable energy during the previous TD regime. Finance minister Buggana Rajendranath pointed out that around 31 PPAs were signed just before the closure of the APERC […]
India’s 1.2GW tender pits dispatchable renewables as viable alternative to conventional power
The state enterprise Solar Energy Corporation of India (SECI) issued at the beginning of the month a tender for 1,200MW of renewable power that can be used to alleviate peak demand issued on the grid, in effect mandating the use of energy storage systems (ESS). An invitation has been issued for bids to build, own […]
Discoms to pay full tariff during non-supply period to renewable gencos: MNRE
Power discoms pay fixed charges or infrastructure cost to electricity generation companies during the non-supply period under the power purchase agreements (PPA). NEW DELHI: Power distribution companies would have to pay the agreed full tariff to renewable energy producers during the period of non-supply of electricity, the government said on Wednesday. Power discoms pay fixed […]
Short-term power market gains as long-term PPAs recede, shows data
The share of short-term power market moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19, shows data released by the Central Electricity Regulatory Commission The short-term power market in the country has surged ahead over the past decade with the gradual drying up of long-term power purchase agreements (PPAs) inked […]
Don’t review Power Purchase Agreements, Centre tells Andhra Pradesh again
Union Minister of State for Power and New and Renewable Energy RK Singh had shot off a letter to the Chief Minister on July 9 in this regard. VIJAYAWADA: Even as the YS Jagan Mohan Reddy’s government is firm on renegotiating and reviewing renewable Power Purchase Agreements (PPAs) and has initiated steps in this direction, […]
Opening and maintaining of adequate Letter of Credit (LC) as Payment Security Mechanism
Opening and maintaining of adequate Letter of Credit (LC) as Payment Security Mechanism under Power Purchase Agreements by Distribution Licensees-reg. For more information please see below link:
Andhra Pradesh ignores Centre, to probe power deals
Centre had said reopening wind power agreements could hit investments. Vijayawada: The Jagan Mohan Reddy government on Monday appointed a committee to look into the power purchase agreements (PPAs) signed with renewable energy developers in the last few years by the Chandrababu Naidu government. The state government went ahead despite Union renewable energy secretary Anand […]
Soon, a green end to power blackouts
At the turn of the last year, Union power minister R K Singh announced that from April 1 2019, India would not face any blackouts, except in a couple of sectors like agriculture where electricity is not required 24×7. The minister made the statement in the context of state distribution companies, or discoms, often resorting […]
