UP govt okays plan to buy 1,500 MW power via bidding from thermal plant

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UP govt okays plan to buy 1,500 MW power via bidding from thermal plant - Business Standard

Quick Summary:

The Uttar Pradesh government on Tuesday approved a proposal to procure 1,500 MW power from a 2x800 MW (1600 MW) thermal power project through a competitive bidding, in a move aimed at bridging the state's growing electricity demand.

In the bidding process, Adani Power emerged as the lowest bidder, quoting a fixed charge of Rs 3.727 per unit, a fuel charge of Rs 1.656 per unit, making the total tariff Rs 5.383 per unit (kWh).

According to Energy Minister AK Sharma, the state is projected to require an additional 10,795 MW of thermal power by 203334 to meet its rising energy needs.