Coal fired gencos face stiff competition from RE

Coal fired gencos face competition from RE Infra LIVE April 15, 2020 28 www.infralive.com round two of the centre's scheme to aggregate 2,500 MW power purchase agreements (PPAs) for states by PFC Consulting Ltd, which is the nodal agency for the scheme. PTC India is the aggregator for the scheme. Adani Power quoted Rs 3.26 per unit for supply of 700 MW from two its plants in Raigarh and Raipur, while Jindal Power Ltd bid for 420 MW of supply from two plants. Essar Power has quoted for 260 MW, while Jindal India Thermal Power for 270 MW. Jaypee's Nigrie power plant has bid for supply of 200 MW, while MB Power, Sembcorp Energy and GMR Energy have quoted for 150 MW each. SKS Power and DB Power have bid for 100 MW supply each. These companies matched the L1 price of Rs 3.26 per unit for total supply of 2,500 MW PPAs sought under the scheme. The companies will supply electricity for three years and will be allowed annual escalation at the rate of 50 per cent of the WPI. PFC Consulting had started the bid process again on December 27, 2019. Earlier the bid process for round two of the scheme was carried by NHPC in February 2019 and was cancelled due to lack of response from state discoms. Seven projects of RKM Powergen, Jhabua Power Ltd, MB Power Ltd, SKS Power, Jindal India Thermal Power Ltd, IL&FS Energy and JP Nigrie had won he average tariff for T the last six months for solar projects is Rs 2.83 per unit (table-1 at pg 33), whereas it is Rs 2.84 per unit for wind power (table-2 at pg 32). The per unit tariff for solar power project with battery banks is Rs 4.11. Facing intense competition from solar and wind power plants, the coal based thermal plants have also started offering lower tariffs. Recently, a dozen of power plant companies like Adani Power, Jindal Power, GMR Energy and Essar Power have quoted Rs 3.26 per unit tariff for power supply to states, the lowest bid from coal- based power projects in years. The tender was called under Coal fired gencos face stiff competition from RE Average tariff of last 6 months Wind & Solar Power auctions is Rs 2.83/unit