Power Purchase Agreements

Last week, Bangladesh news agency, UNB reported that BNPB has sought revision of PPA

The Supreme Court on Wednesday sought the response of Tata Power to an appeal filed against the Andhra Pradesh High Court order which held that tariff determined under long-term Power Purchase Agreement (PPA) cannot be revised by a State Electricity Regulatory Commission. A bench comprising Chief Justice D Y Chandrachud and Justice P S Narasimha issued notice to Tata Power Renewable Energy Limited on the appeal filed by Andhra Pradesh Southern Power Distribution Company Limited. "Issue notice returnable on February 10, 2023. Short written notes of submissions, if any, be filed in the meantime," the bench said. The power distribution company has in its plea filed through advocate Mahfooz A Nazki said the finding of the high court is ex facie (on the face of it) contrary to the specific provisions of the Electricity Act. "The High Court has erred in not appreciating that a PPA is not a contract simpliciter as envisaged under the Indian Contract Act, 1872 but is a regulated contract .

GUVNL had terminated the agreement for the solar power plant over the commencement of liquidation proceedings against LANCO Infratech Ltd (owner of the power plant)

Pool to address grid balancing concern as states relinquish costly thermal power to procure more RE

KPI Green Energy on Wednesday said it has inked power purchase agreements to supply a total of 15.88 MW wind-solar hybrid power from its projects to six companies. "KPI Green has signed new long-term power purchase agreements (PPAs) for sale of 15.88 MW (electricity from its) wind-solar hybrid power projects," a BSE filing stated. The companies will be supplied power from the upcoming Wind-Solar Hybrid power project (comprising 16.10MW wind and 10 MW, solar capacity) at Bhungar site in Bhavnagar district of Gujarat, under the Gujarat Hybrid Power Policy 2018, it stated.

JSW Energy on Monday announced signing a power purchase agreement (PPA) with Haryana Power Purchase Centre (HPPC) for the supply of 240-megawatt hydro power.

The Ministries of Power, and New and Renewable Energy have revised the relevant norms as part of the larger efforts to have 500 GW of clean energy generation capacity by 2030

India, which too is in a coal and power crisis, has lessons to learn from this since domestic coal shortage is not the only cause for concern for its power generation sector

Jatindra Nath Swain, chairman and managing director, SECI, spoke to Shreya Jai about the growth prospects of the RE sector in India, the challenges, and plans

This comes after the Central Electricity Regulatory Commission (CERC) allowed the discom to nix its PPA with Dadri power unit of state-owned power generator NTPC

It will now sign supplemental PPAs with these units on a "case-by-case basis" over and above the existing PPAs.

Maharashtra is one of the five states that procure power from Tata Power's Mundra ultra mega power plant in Gujarat.

While the forum is advocating India not just as a preferred market but also as an export hub, many member firms have raised concerns about sudden policy changes impacting inbound global investments.

In the earlier two rounds held over the last two years, around 9,389 megawatt (MW) of power capacity bid for the coal under the SHAKTI scheme

PPAs are typically of 25-30 years duration. The ministry is designing a policy paper to dwell on the alternative for long-term PPAs.

Union Ministry of Power has formed a high-level group to study the present system of power purchase and sale under the Power Purchase Agreement (PPA) including power trading, the Lok Sabha was informed on Thursday.In a written reply, Union Minister of State (IC) Power, New & Renewable Energy, and Skill Development and Entrepreneurship R K Singh said: "The group will also explore the system of power markets globally and make recommendations for changing the structure and system of power purchase and sale in the country including reforms needed to encourage investments, efficiency, and competitiveness in power markets.""As per the provision of Electricity Act, 2003, the Ministry of Power has already issued Competitive Bidding Guidelines for long term, medium-term and short term power procurement by Distribution Licensees. As mandated in Tariff Policy, all future power procurement by Distribution Licensees in states to be done through tariff-based competitive bidding only," he ...

Andhra Pradesh should maintain the sanctity of contracts

The share of short-term power market moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19, shows data released by the Central Electricity Regulatory Commission

States reneging on power contracts sours competitive bidding for renewable energy

Bid tariffs quoted were as low as Rs 2.44 per unit for solar power in May 2017