MoP introduces Pilot Scheme-II

The Ministry of Power (MoP) has introduced the Pilot Scheme-II for facilitating the procurement of 2,500 MW of power for three years from the commissioned coal-fired plants that have not entered into a power purchase agreement. The proposed scheme envisages the procurement of power through competitive bidding, which will be conducted by PFC Consulting Limited (PFCCL) as a nodal agency. Under the scheme, a single entity can be allotted a maximum capacity of 600 MW. The scheme assures a minimum offtake of 55 per cent of the contracted capacity and a fixed tariff for three years.