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BSES Delhi discoms ink deal to procure 200 MW wind power at low rate

IANS  |  New Delhi 

Announcing a successful effort for a cleaner enviroment, company (discom) BSES on Thursday said it has signed a power sale agreement with the Corporation of India (SECI) to procure 200 MW at competitive rates.

In a statement, BSES said that sister discoms BSES Rajdjani Power Ltd (BRPL) and (BYPL) are going to purchase 100 MW each of wind power from "at a very competitive tariff of Rs 2.84 per unit".

"The power is expected to be available to the discoms from fiscal 2020-21 for a period of 25 years and will be available at a very competitive tariff of Rs 2.84 per unit, including the trading margin. The power will be procured though SECI, which will act as an intermediary procurer," it said.

With this latest agreement, BSES discoms will be getting a total of 600 MW of wind power

"Earlier, BRPL and BYPL have signed agreements to procure 250 MW and 150 MW of wind-power respectively. Of these, 50 MW of wind power has already started flowing from October 2018 and another 50 MW is expected to be available over the next couple of months.

"The remaining will start flowing progressively from November 2019," the statement added.

Commenting on the agreement, a BSES said: "BSES discoms are committed to the promotion of renewable power in while ensuring that there is minimal burden on the consumers. We have been procuring from all available sources at economical rates".

The discom said the tariff is priced substantially lower than the average cost of long-term power purchase agreements, which are around Rs 4.5 per unit. This agreement will also help BSES discoms fulfil their renewable purchase obligations.

The statement said that a prudent mix of wind and solar power in the discoms' power portfolio will be helpful in effectively meeting Delhi's peak power demand.

"experiences peak power demand twice in a 24-hour period and this wind power being sourced from the coastal areas of and Tamil Nadui is expected to support the night peak demand," it added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 03 2019. 19:24 IST