PFC Consulting issues LoA to four companies under Pilot Scheme-II

PFC Consulting Limited has issued letters of award to Jindal Power Limited, JSW Energy Limited, Korba West Power Company Limited and Essar Power MP Limited to supply power aggregating 1,000 MW to three south Indian states at a tariff of Rs 4.41 per unit under the MoP’s Pilot Scheme II. Accordingly, Jindal Power would supply 315 MW, followed by Korba West Power Company (295 MW), JSW Energy (290 MW) and Essar Power MP (100 MW) for three years. The power purchase agreements (PPAs) for the supply of 1,000 MW to three states are expected to be signed in a month. NHPC is at an advanced stage of negotiations with other states for tying up the remaining 1,500 MW of power under the scheme. NHPC is the aggregator for tying up 2,500 MW of power for the medium term under Pilot Scheme II.

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