Goa to buy solar power from NTPC for next three years
The cabinet on Wednesday approved a proposal for extending the power purchase agreement executed with M/s NTPC Vidyut Vypar Nigam Ltd (NVVNL) for purchase of solar power by three years.
Power minister Nilesh Cabral said that a lower rate of Rs 5.5 per unit has been negotiated as against the earlier Rs 7.99 per unit.
According to the directives of the Joint Electricity Regulatory Commission (JERC), it is mandatory for the electricity department to purchase a defined percentage of its power from renewable sources, including solar and non-solar.
The earlier five-year contract ended on August 22.
The cost to the government for the renewed contract period is Rs 20.6 crore. An official said the decision to extend the contract with NVVNL was taken since there was no response to its tender floated in March to meet the target of solar renewable purchase obligation (RPO) for 2019-20 of 187 million units (MUs) even after the last date to receive bids was extended.
