BEST to extend PPA with Tata Power for the next five years
In a press release Tata Power Company has announced that Maharashtra Electricity Regulatory Commission (MERC) has allowed Brihanmumbai Electric Supply and Transport Undertaking (BEST) to extend its existing Power Purchase Agreement (PPA) with The Tata Power Company Ltd. (TPC-G) for a period of five years from 1 April 2019 to 31 March 2024. The PPA is for the 677 MW supplied from its Trombay Thermal and Hydro plants.
MERC taking into consideration due diligence for ensuring the reliability of supply and cost competitiveness for the BEST consumers in Mumbai, has approved the extension. The order came after BEST inter alia submitted that the cheapest option before BEST is the extension of its present PPA with Trombay Thermal Power Station and Hydro plants of Tata Power.
The press release further stated that the company and BEST have agreed for an extension of PPA with existing terms and conditions.
This PPA ensures cheaper power to Mumbai consumers with the added advantage of hydro peaking power at rates which are cheapest in the country.
@EPC World Media