PFC Consulting invites bids for supply of 4,500 MW power to state utilities

NewsDrum Desk
22 Nov 2022

New Delhi, Nov 22 (PTI) State-owned PFC Consulting Ltd has invited bids for supply of 4,500 MW power for five years beginning April 2023 to different utilities in states, including Delhi, Maharasthra, Madhya Pradesh, Gujarat and Tamil Nadu.

The document seeking request for proposal floated by PFC Consulting -- an arm of Power Finance Corporation -- also showed that five utilities have evinced interest for procuring as much as 3910 MW.

The PFC Consulting, acting as a demand aggregator, will get supply of power through tariff based competitive bidding.

The utilities that have evinced interest for scheme are Gujarat Urja Vikas Nigam Ltd (1000MW), Maharashtra State Electricity Distribution Company Ltd (500MW), Madhya Pradesh Power Management Company Ltd (660MW), New Delhi Municipal Corporation (250MW), and Tamil Nadu Generation and Distribution Corporation Ltd (1500MW), it showed.

An official told PTI that more states are likely to join the scheme and therefore the quantum of power supply has been kept higher at 4,500 MW.

The supply of power under the power purchase agreement for medium term or five years must begin in April, 2023.

"The authorised representative/utilities has decided to procure electricity from a power generating station that would dedicate a contracted capacity of 4,500 MW for production of electricity and supply thereof for a period of five years through public-private partnership," it stated.

The last date for the bid submission is December 21, 2022. After completing the bidding procedure the letter of award for supply of power would be given in January, 2023.

The official said that the move would help the states that are facing power shortage and also help generation plants add capacities. PTI KKS HVA

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