22
Friday
November 2019
2:21 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
NTPC chief for setting up of clean power projects without PPAs
 
New Delhi: Amid a row between discoms and clean energy developers over renegotiation of tariff, NTPC Chairman and Managing Director Gurdeep Singh on Friday suggested setting up of renewable projects without power purchase agreements (PPAs).

In the current scenario, bankers and financial institutions insist for long-term PPAs before financial closure or fund tie-up of a project.

Participating in a panel discussion here, Singh said buyers can either purchase power on capacity contracts (PPAs) or from market. "There could be long-term contracts but energy can be purchased on a day-to-day basis or monthly basis."

Asked about feasibility of this idea, he said, "10 years back, no one was believing the solar energy prices will come down. Let's not underestimate the power of the development of technology...solar cells would be more efficient and there is offshore wind power."

Recently, an Andhra Pradesh discom asked the state-run power giant NTPC and Solar Energy Corporation of India (SECI) to revise tariff downwards for some solar projects for which PPAs were already concluded.

The discom had asked to lower the tariff to an all-time low tariff of Rs 2.44 per unit. But, SECI and NTPC refused to do so saying the lowest tariff was discovered in a different auction in different circumstances.

There has been instances where states insisted for renegotiating tariffs even after conclusion of the PPAs, as clean energy prices have dropped sharply during the past few years.

Solar power tariff, which was once Rs 17 per unit, has dropped to as low as Rs 2.44 per unit.

About stranded gas-based power projects and those running at suboptimal levels, he said, "Invariably, you will find that most of the time, the gas-based capacity on power grid is 4 gigawatt (GW) to 5 GW and rarely goes to 6 GW 7 GW. That is because of the the pricing part. There is a need for some kind of correction on gas pricing."

He further said, "Gas can be available at a USD 6 per mmBtu (million metric British thermal unit). You can have some more flexibility. You have a huge bridge and we have a lot benefit.


Jio says will increase tariffs in next few weeks in compliance with rules
IT companies may shed 30,000-40,000 mid-level staff: Pai
Sensex ends 72 pts lower; Yes Bank drops 4 pc
Vodafone-Idea believes govt won't be in conflict with Supreme Court on telco relief: Brokerages
Govt considering to reintroduce restrictions on royalty payments
Anil Ambani resigns as director of Reliance Communications
Govt working on policy to push MSME exports: Gadkari
Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: FM
Current economic slowdown episodic, says N K Singh
'RBI to cut rates by 40 bps by Feb despite high inflation'
Vodafone Idea shares tumble over 21 pc; hit record low
Rupee slips below 72-mark against USD
Sensex tumbles 229 pts as weak macro data, rupee woes weigh
Hong Kong officials fine UBS for overcharging clients
ArcelorMittal to shut Saldanha plant in S Africa, 1000 workers affected
Sebi disposes of case against ABG Shipyard
I-T dept busts Rs 3,300-cr hawala racket involving infra firms
FinMin says fundamental of Indian eco robust, reforms to stimulate investments
Allahabad Bank loss widens to Rs 2,103 cr in Q2 on higher bad loans
Sensex skids from record high as Moody's cuts India credit outlook
KERALA NEWS
Opposition leader visits injured MLA at Medical College Hospital in Kerala
 Thiruvananthapuram: Opposition leader in Kerala Assembly Ramesh Chennithala called on Congress MLA S  
Sabarimala temple opens for 2-month long pilgrimage season
Kerala: Mixed response to SC Sabarimala verdict
Orange alert in 4 districts in Kerala
INTERNATIONAL NEWS
Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns
 Colombo: Sri Lankan President Gotabhaya Rajapaksa on Wednesday named his elder brother and former st
Nawaz Sharif meets medical experts for check-up in London
Ailing former Pak PM Nawaz Sharif leaves for London for treatment
Swedish prosecutor drops Assange rape probe
NATIONAL NEWS
Normalcy has been restored in J&K: Shah
 New Delhi: Asserting that the normalcy has been restored in Jammu and Kashmir, Home Minister Amit Sh
Cabinet approves strategic disinvestment of CPSEs
T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family
Rajini, Haasan hint at joining hands for TN''s welfare
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.