IOC joins NTPC, SECI, private energy firms against AP’s stance to cut renewable energy tariffs
Mumbai: Public sector oil marketer Indian Oil Corporation (IOC) has joined ranks with the National Thermal Power Corporation (NTPC) and the Solar Energy Corporation of India (SECI) in turning down the Andhra Pradesh’s request for a tariff revision in wind power supplied to the state.
In letter last week to the Andhra Pradesh Southern Power Distribution Co Ltd (APSPDCL), IOC declined the state’s request to cut the tariff payable to it from ₹4.7 as per the power purchase agreement to ₹2.43 a unit.
Mint has seen a copy of the letter.
