TPCIL signs 8-year PPA with Telangana power discoms

Thermal Powertech Corporation India (TPCIL), which owns and operates a 1,320-megawatt coal-fired power plant in Krishnapatnam in Andhra Pradesh's Nellore district, today said it has signed a long-term power purchase agreement (PPA) with power distribution companies in Telangana.
Under the PPA, 570 megawatts of power would be sold to the southern and northern power distribution companies of Telangana for a period of eight years, TPCIL said in a statement.
Together with the 500 megawatts of power supplied to the power distribution companies in Andhra Pradesh and Telangana under a 25-year power purchase agreement, TPCIL has secured more than 85 per cent of its net total generating capacity under long-term PPAs, it added.

The approximately USD 1.5 billion plant completed its first 660-megawatt unit in March 2015 and second 660-megawatt unit in September 2015.
TPCIL CEO Atul Nargund said, "With this PPA, we have achieved our goal of securing at least 85 per cent of our generating capacity on a long-term basis. With this, TPCIL is now eligible for mega power status".