Power plants of JSW EnergyNSE -0.68 %, Jaiprakash AssociatesNSE 0.83 %, Jindal Power, Sembcorp Gayatri and Essar Power are among 16 projects that bid for three-year power purchase agreements (PPAs) with states. The auction for 2,500 mw of PPAs has received bids aggregating 4,077 mw.
Given the good response, government is expecting lower tariffs in the range of Rs 3.50-Rs 4 per unit in the current round of the PPA auction against Rs 4.24 per unit in the first such auction conducted last year.
The participating companies include Meenakshi Energy, DB Power, TRN Energy and RKM Powergen, sources said.
“The response to the auction has been good this time as the government altered some of the more stringent rules,” an official in know of the development said.
