MPPMC, SECI sign agreement for sale of renewable energy

Source: The Hitavada      Date: 14 Jun 2018 10:38:17


Staff Reporter

In a bid to achieve target of renewable energy production (RPO) 2021-22, a power sale agreement has been signed between Madhya Pradesh Power Management Company (MPPMC) and Solar Energy Corporation of India (SECI).
Madhya Pradesh is heading in the direction of renewable energy production (RPO) till 2021-22 as determined by the Electricity Regulatory Commission. Keeping in view the need for achieving the target, power sale agreement was executed between the Solar Energy Corporation of India and Power Management Company in the Regional Office of MP Power Management Company.

On behalf of SECI, Atulya Kumar Nayak and from MP Power Management Company, Chief General Manager Rajiv Keskar
signed the agreement. On this occasion, Special Duty Officer, Department of Energy P K Chaturvedi, Deputy Secretary, Ashok Kumar Sharma, Neeraj Agarwal and General Manager, Power Management Company. N K Sharma and other officials were present. On the request of MP Power Management Company, from the agreement signed out of 2000 MW, 500 MW power supply will be provided to Madhya Pradesh by SECI. This contract will provide electricity to the state at the rate of 2.59 per unit.

It may be recalled that from time to time, the request was made from the Government of India by the Department of Energy for issuing the necessary guidelines for determining power purchase rates under competitive tender process from non-solar power sources. Under the competitive tendering process, the guidelines were issued in February 2017 for installation of Central Power Transmission Utility (CTU) connected 1,000 MW wind power plant through the Solar Energy Corporation of India (SECI) for determining the power purchase rate under the competitive tendering process. On the basis of which, the process of rating process under seasonal competitive tendering was completed four times for 1000 MW, 1000 MW, 2000 MW and 2000 MW wind power plants respectively. It is worth mentioning that in Madhya Pradesh; about 2,360 MW wind power plants are functional.