PPAs signed for first wind auction totalling 1,050 mw

Aiming the enhancement of wind energy sector the Government of India signed Power Purchase Agreements (PPAs) with PTC India Ltd. on Friday for 1050MW of wind power under Ministry of New and Renewable Energy (MNRE)'s first Wind Auction Scheme.

The ministry is working to bring robust guidelines for the transparent wind energy bidding and is in discussions with regulators for better forecasting and scheduling of renewable energy in the grid. The minister Piyush Goyal also asserted of new job creation in this sector.

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 like, 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).

Goyal also asserted that, wind energy bids should be brought out every month, though he also advised the senior officials of the Ministry to calibrate the pace of this process keeping in mind the affordability of renewable energy for common man. "I welcome the churning happening in the industry and look forward to healthy competition and affordable power for all through increase in scale", the minister added.

Earlier, MNRE had sanctioned a scheme for setting up of 1000 MW inter-state transmission system (ISTS) connected Wind Power Projects on 14th June 2016 with the objective to encourage competitiveness through scaling up of project sizes and introduction of efficient and transparent e-bidding and e-auctioning processes.

Other dignitaries present on the occasion were A.K. Bhalla, Secretary Power, Deepak Amitabh, CMD PTC India, Dr. Ashvini Kumar, MD SECI and other senior officers of the Ministry and Industry partners.