Power minister announces 1,000 Megawatt wind energy auction scheme
Posted on:05 May 2017 17:46:14
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05 May 2017 Current Affairs:
The Ministry of New and Renewable Energy Piyush Goyal announced the launch of second round of wind energy auction for 1,000 MW.
The announcement was done concurrently with the signing of Memoranda of Agreement (MoA) between the public sector Power Trading Corporation and the electricity distribution companies (discoms) of Uttar Pradesh, Bihar, Jharkhand, Delhi, Assam and Odisha.
According to the Memorandum of Agreement, the distribution utilities of Uttar Pradesh will buy 449.9 MW electricity, Bihar 200 MW, Jharkhand 200 MW, Delhi 100 MW, Assam 50 MW and Odisha will buy 50 MW of wind power for meeting their non-solar renewable purchase obligation(RPO).
All these companies will sell power to Power Trading companies at a rate of 3.46 a Kilo Watt hour.
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