Bihar, West Bengal, Telangana, TN to buy power from stressed projects

Under the first pilot scheme for reviving stressed thermal power projects without power sale contracts, four states namely Bihar, West Bengal, Telangana and Tamil Nadu have agreed to procure power for medium term (3 years) from these projects.

The ministry of power in April this year launched a pilot scheme for procurement of aggregate power of 2500 mw on competitive basis for medium term from generators with commissioned projects but without power purchase agreement (PPAs). PFC Consulting Limited was appointed as nodal agency and PTC India Limited as the aggregator for the same.

PTC received bids for procurement of 1900