Pilot scheme launched to boost power procurement

The government has introduced a pilot scheme to procure 2,500 MW of power from plants without power purchase agreements (PPAs) in an attempt to provide some relief to the sector. PTC India Limited will sign three-year PPAs with successful bidders and enter into contracts with discoms to sell electricity. As per the plan, the entity which matches the lowest bid in the auction will be allocated a maximum capacity of 600 MW. Competitive bidding for the pilot scheme will be conducted by PFC Consulting Limited.