NHPC appointed as aggregator for power procurement Pilot Scheme-II -Governance Now

NHPC appointed as aggregator for power procurement Pilot Scheme-II

The scheme aims to procure aggregated power of 2500 MW for 3 years (covered under medium term)

Rahul Trivedi | March 12, 2019 | Delhi

#Pilot Scheme-II #NHPC #power #ministry of power

Balraj Joshi, CMD, NHPC addressing media persons to highlight latest achievements of NHPC in New Delhi March 11, in the presence of Ratish Kumar, Director (Projects), N.K. Jain, Director (Personnel), M.K. Mittal, Director (Finance) and Janardan Choudhary, Director (Technical) from NHPC

NHPC has been appointed as the aggregator under Pilot Scheme-II notified by ministry of power. The hydropower utility scheme will procure aggregated power of 2500 MW for 3 years (covered under medium term) through PFC Consultancy Limited (PFCCL), which is the nodal agency.

Balraj Joshi, CMD, NHPC, said that the scheme facilitates procurement of aggregated power from the generating companies with already commissioned coal based power plants but not having a power purchase agreement (PPAs).

A tender was floated by PFCCL for the appointment of aggregator under the scheme on February 21, 2019 in which NHPC participated and was declared a successful bidder after which it was issued a Letter of Award (LOA).

Under the Pilot Scheme – II, the aggregator will sign an agreement for procurement of power with the successful bidder(s) and back to back power supply agreement with distribution licensee(s)/utilities.

The above scheme shall involve transaction of electricity of around 18615 MUs at 85% PLF of 2500 MW and turnover of more than of Rs 7,000 crore (approx.) on yearly basis. NHPC shall receive trading margin from distribution licensee(s)/utilities under Pilot Scheme-II for providing services of aggregator between generator & buyer/utilities as trader.

Joshi also shared some of the major achievements of NHPC like cabinet committee of economic affairs’ nod for acquisition of Lanco’s Teesta VI HE Project, investment sanction for construction of Kiru HE Project (624 MW) by M/s Chenab Valley Power Projects Private Limited (M/s CVPPPL), signing of MoU with Jammu & Kashmir State Power Development Department (JKPDD) and J&K State Power Development Corporation (JKSPDC) for execution of 850 MW Ratle Hydroelectric Project (Jammu & Kashmir).

He also informed that NHPC is heading for record generation from all power stations for the current financial year. The cumulative generation for the current FY stands at 23,057 million units and it is expected to surpass previous record of 23,404 million units.

The hydropower utility with total installed capacity is 7071.2 MW and 24 operational power stations including JV, Solar and Wind was also conferred with ‘Best Performing Utility in Hydropower Sector’ at CBIP Awards 2018.

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