Updated on: Tuesday, September 01, 2020, 02:45 PM IST
NHPC signs Power Sale Agreement with MPPMCL for procurement of 1000 MW solar power
NHPC Limited, India’s premier Hydropower utility has signed a Power Sale Agreement (PSA) with Madhya Pradesh Power Management Company Limited (MPPMCL) for procurement of 1000 MW Solar Power at the tariff of Rs. 2.55/kWh on 28.08.2020 at Bhopal (MP) for 25 years on a long term basis. NHPC shall earn trading Margin @ Rs 0.07/kWh during the contract period. The PSA was signed by S.P. Rathour, General Manager (Power Trading), NHPC and Baljeet Singh Khanooja, Chief General Manager (Commercial-3), MPPMCL in the presence of Akash Tripathi (IAS), Managing Director, MPPMCL. The PSA has been signed under the 2000 MW ISTS (interstate transmission system) grid-connected Solar Photo Voltaic Projects through NHPC Limited (intermediary procurer) under Tariff based Competitive bidding.