Adani Power, Essar Power place lowest coal-based tariffs in years
New Delhi: A dozen power plants of 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.
Experts said the tariff, lowest ever for medium-term power contacts, was a desperate move by the stressed thermal power sector, which is facing intense competition from solar and wind power plants, but the contracts will help them repay portion of their debt.
The tender was called under 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.
