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With this, the DISCOMs can be saving ₹150 crore each year on fastened prices.
The Union Ministry of Power (MoP) conceded the Andhra Pradesh authorities’s request to surrender 125 Megawatts of thermal power that was allotted to the DISCOMs by NTPC for bundling with photo voltaic vitality beneath the National Solar Mission (NSM). With this, the DISCOMs can be saving ₹150 crore each year on fastened prices, in accordance to an official launch.
The power was allotted to the DISCOMs on July 5, 2017 from coal – based mostly stations of NTPC for bundling with photo voltaic power beneath NSM. On receiving a communication from the MoP, the Central Electricity Authority gave it is consent.
The Energy Department of A.P. welcomed the MoP’s resolution and stated it should assist minimise the power procurement prices and scale back undesirable monetary burden on the DISCOMs.
Energy Secretary N. Srikant thanked the Secretary of MoP, Sanjiv Nandan Sahai for approving the State authorities’s proposal.
He acknowledged that the federal government was exploring methods to scale back the power buy prices and accorded excessive precedence to value – efficient power.
The measures being taken for the final one yr for reviving and strengthening the power utilities, primarily by procuring power at cheaper charges, have been yielding the specified outcomes.
With spot buying of power at a median worth of ₹1.63 – 2.80 per unit throughout March and April of the present yr, the power utilities diminished monetary burden on DISCOMs to a big extent. The authorities additionally saved round ₹180 crore in coal tenders, Mr. Srikant added.
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