PFC Consulting issues LoAs under Pilot Scheme II

PFC Consulting Limited has issued letters of award (LoAs) to developers for supply of power from 1,000 MW of capacity under the Ministry of Power’s Pilot Scheme II. The developers are Jindal Power Limited (315 MW), Raigarh Energy Generation Limited (295 MW), JSW Energy (290 MW) and Essar Power Madhya Pradesh Limited (100 MW). The developers will supply power to three southern states at a tariff of Rs 4.41 per unit. The power purchase agreements are expected to be signed in a month.