Power News We love to talk!
In spite of higher purchase rates offered by AP distribution companies, they have managed to secure commitment for about 750 MW against 2,000 MW targeted.
This means that consumers are in for tough times as the demand is likely to be high and supply truncated.
Anticipating the power shortages, AP discoms had floated tenders for 2,000 MW (48 million units) of power during June 2012 to May 2013. The total shortage is projected to hit 3,900 MW during the peak season.
According to State Energy Co-ordination Cell, in the tender process the power generators in AP quoted up to Rs 6.79 per unit for a capacity of 350 MW (8.4 MU).
And those outside the state quoted between Rs 5.75 to Rs 7.39 per unit to supply 1,125 MW (27 MU).
After several rounds of negotiations, including on May 29, the AP-based power generators agreed to supply at Rs 5 per unit for about 350 MW.
Power producers outside AP expressed their inability to reduce their price below Rs 5.50 per unit as they are using Indonesian coal whose prices have recently gone up due to local changes.
- Tata Sons may shut oil production arm Petrodyne in business revamp Read more
- RIL warns on US shale slowdown, refining lifts profit Read more
- Power co seeks funds prior to tariff increase in Maharashtra Read more
- Mahan forest area inviolate, says MoEF Read more
- Hydropower projects incur over Rs. 45,000-cr cost overrun Read more
- Cairn Energy files arbitration notice in Indian tax dispute Read more
- Wind energy developers in Rajasthan face losses as discoms curtail intake Read more
- APERC gives nod for procurement of 2,000 MW Read more
- India, China to fuel demand for natural resources, says Saudi energy minister Read more
- Coal crisis: NTPC plants have 2 days of stock left; govt steps in Read more