Karna ESCOMS sign PPA with APGENCO

The Electricity Supply Companies (ESCOMs) of Karnataka today signed power purchase agreement with Andhra Pradesh Power Generation Corporation (APGENCO) for realising Karnataka's share of 117 MW power, generated from Priyadarshini Jurala Hydro Power Project.
Power companies of both the states also signed a memorandum of understanding for restoring and adjustment of drawal of power in the presence of Karnataka Power Minister D K Shivakumar.
Stating that the project was commissioned in August 2011 and discussions were happening at various levels between officials on both the sides for finalising the methodology for evacuation of power and settlement of over-drawal/under-drawal of energy, Shivakumar said "recently with the initiatives taken by the officials we could resolve the pending issues."

He said the project cost of Rs 720 crore that is Rs three crore per MW will be built into the tariff to be determined at identical rates for both the states by APERC (Andhra Pradesh Electricity Regulatory Commission).
Officials said the provisional tariff is Rs 3.23 per unit, and the duration of the PPA (Power Purchase Agreement) is for 35 years.
The state will get about 75 to 200 million units of power annually during different stages of the project depending on rainfall, they added.

Stating that the power block cost of Rs 140 crores is shared equally by ESCOMs of Karnataka and DISCOMS of Andhra Pradesh, they said Karnataka has paid the share of power block cost of Rs 70 crores to APGENCO on April 6, 2013.

Jurala project was conceived during 1978 as a multipurpose one envisaged for both irrigation and power generation. The run-of-the-river project is of 6x39.1 MW capacity constructed across Krishna River near Revulapally Village in Mehaboob Nagar district of Andhra Pradesh.
In the discussions held between 2008-11 regarding the terms and conditions of sharing power it was decided that it will be on 50:50 basis.