Maharashtra Electricity Regulatory Commission approves power purchase agreemen for Tata power arms

New Delhi: Tata Power on Wednesday said the Maharashtra Electricity Regulatory Commission (MERC) has approved 700 MW power purchase agreement between the company’s distribution and generation business arms for the next five years.  MERC has allowed the distribution business of Tata Power to have a power purchase agreement (PPA) with its generation arm for 700 MW to be supplied from its Trombay thermal and hydro plants for a period of five years from April 1, 2019 to March 31, 2024, a company statement said.

After the due diligence for ensuring the reliability of supply and cost competitiveness for Tata consumers in Mumbai, the Commission, in its order on Tuesday, approved the arrangement, it said. “Tata Power has been serving the city of Mumbai for over a century and continues to be committed to supplying the most reliable and competitive power meeting the needs of their consumers,” Tata Power CEO and Managing Director Praveer Sinha said in the statement. The process of power tie-up was undertaken by the distribution business for its consumers for a period of five years starting April 1, 2019.

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