Green push: Gencos can sell renewable power to discoms under thermal deals

THERMAL POWER generation companies will now be able to supply renewable energy under existing Power Purchase Agreements (PPAs) with distribution companies (discoms) under the revised guidelines issued by the Power and New and Renewable Energy Ministries on Tuesday.

The revised guidelines allow thermal generation companies “to set up renewable energy generation capacity either by themselves (or) through developers by open bids,” and supply power to consumers under existing PPAs, according to the government release.

Under the revised guidelines, any savings to thermal power plants from lower cost of power generation through renewable energy would be shared with procurers, such as distribution companies on a 50:50 basis.