Ministry of Power Launches Scheme for Procurement of Aggregate Power of 4500 MW for 5 Years

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The Ministry of Power has launched a scheme to procure 4500 MW of aggregate power for five years under the Energy Policy. The ministry said the scheme would help states that are facing power shortages and help to generate plants to increase their capacity.

The last date for submission of bids is 21st December. This is the first time that bidding is being done under B(v) of the Shakti Scheme PFC Consulting Limited has been designated as the nodal agency. It has invited tenders for the supply of 4,500 MW of electricity. Delivery will start from next April.

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The utilities that have evinced interest in the scheme are Gujarat Urja Vikas Nigam Ltd, Maharashtra State Electricity Distribution Company Ltd, Madhya Pradesh Power Management Company Ltd, New Delhi Municipal Corporation, and Tamil Nadu Generation and Distribution Corporation Ltd. The last date for the bid submission is December 21, 2022, it stated.

About the power scheme:

Ministry of Power Launches Scheme for Procurement of Aggregate Power of 4500 MW for 5 Years
Ministry of Power Launches Scheme for Procurement of Aggregate Power of 4500 MW for 5 Years

SHAKTI, India’s coal transparent utilization and allocation scheme, was launched in 2018 to provide coal to power units in need of coal supply. The project is expected to help states facing power shortages and help to generate plants increase their capacity.

The Ministry of Power had notified the Guidelines for procurement of power on Finance, Own and Operate (FOO) basis under para B (v) of the SHAKTI Policy on 25th October 2022. The methodology for coal allocation as per provisions of Para B (v) of the SHAKTI policy was issued on 11th May 2022.

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