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Electricity producers seek meet with Moily

Private electricity producers have sought a meeting between power minister M Veerappa Moily and industry bodies CII, FICCI and APP to discuss issues related to proposed power purchase agreements, which will stop global players from entering the sector.

‘We request meeting of a delegation of APP, Assocham, CII and FICCCI to highlight structural issues on the draft power purchase agreements [PPAs] proposed by the government,’ Ashok Khurana, director general, APP [Association of Power Producers] said in a letter to power msinister M Veerappa Moily.

APP comprises top heads of over 20 private power firms.‘The competitive bidding framework experience since 2005 has indicated issues like inequitable allocation of fuel availability and pricing risk, no provision to handle change in law in coal source countries and also for material adverse conditions through an enabling provision for reopening of contracts.
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