After a hiatus of five years, a new long-term power purchase agreement (PPA) for thermal power has been finalised, with the regulator of Madhya Pradhesh approving the 25-year contract signed between Pench Thermal Energy (MP), a unit of Adani Power, and MP Power Management Company (MPMCL), the state electricity board.
According to sources, Adani Power quoted the lowest bid of Rs 4.79/unit (Rs 2.90/unit as fixed charge and Rs 1.89/unit variable charge), outbidding JSW Energy and MB Power.
