First Power Agreement Under Wind Auction Scheme

Union Minister for Power Mr. Piyush Goyal presided over the signing of Power Purchase Agreements (PPAs) for purchase of 1050 MW of wind power under Ministry of New and Renewable Energy (MNRE)’s first Wind Auction Scheme.

The PPAs were signed between PTC India Ltd., the trading company, and the successful wind power developers.

As per the PPAs signed, Mytrah Energy, Inox Wind and Ostro Kutch Wind Pvt. Ltd. would supply wind power of capacity 250 MW each.

Further, Green Infra would supply 249.9 MW and Adani Green Energy 50 MW from their wind power projects through inter-state transmission system at a tariff of Rs. 3.46 per kWh discovered through the open and transparent competitive bidding process.

PTC India has tied-up this wind power for sale to DISCOMS of a number of States. Under this, Uttar Pradesh would get 449.9 MW, Bihar 200 MW, Jharkhand 200 MW, Delhi 100 MW, Assam 50 MW and Odisha 50MW for meeting their Non-Solar Renewable Purchase Obligation (RPO).

For these projects Solar Energy Corporation of India (SECI) conducted e-reverse auction on 23rd February 2017 and issued Letter of Award (LoA) to the successful wind power developers on 5th April 2017. The wind power projects under first wind auction are likely to be commissioned by September 2018.