BEST to extend 677 MW PPA with Tata Power for next 5 years

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Capital Market
Last Updated : Jan 03 2019 | 10:04 AM IST
Maharashtra Electricity Regulatory Commission (MERC) has allowed Brihanmumbai Electric Supply and Transport Undertaking (BEST) to extend its existing Power Purchase Agreement (PPA) with The Tata Power Company for 677 MW supplied from its Trombay Thermal and Hydro plants for a period of five years from 1 April 2019 to 31 March 2024.

The process of power tie-up was undertaken by BEST in 2017-18 for its Discom consumers for the period of next five years starting 1st April 2019. The existing power tie-up of 677 MW between BEST & Tata Power is scheduled to expire on 31st March 2019.

This will ensure cheaper power to Mumbai consumers with the added advantage of hydro peaking power at rates which are cheapest in the country. This will also ensure continuity of reliable power supply to Mumbai consumers from embedded Tata Power thermal and hydro generating stations in view of the transmission constraints.

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First Published: Jan 03 2019 | 9:46 AM IST

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