PTC India to signs PPAs for 1,900 MW capacity under the pilot power procurement scheme

PTC India Limited will sign medium-term PPAs with 1,900 MW coal-based power projects under the central government’s pilot power procurement scheme for stressed projects without PPAs. Under the scheme, seven companies, namely, RKM PowerGen (550 MW), Jaypee Nigrie Thermal (100 MW), IL&FS Energy Limited (550 MW), MB Power (175 MW), SKS Chhattisgarh Power (300 MW), Jindal India Thermal Power Limited (125 MW) and Athena Jhabua Power (100 MW), submitted bids for an aggregate capacity of 1,900 MW matching the lowest bid of Rs 4.24 per unit. The bids include a nominal fixed cost of 1 paise per unit for the supply of power for a period of three years.

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