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Madhya Pradesh to buy 125 mw solar power under Renewable Purchase Obligation

According to reports,  Madhya Pradesh Power Management Company Limited (MPPMCL) is going ahead with a plan to buy 125 mega watt (MW) green energy from two upcoming solar projects in state of as many private companies – Welspun group and Alpha Infraprop Limited under  Renewable Power Obligation (RPO).
The state government is going to for purchase after the Centre asked the states to make use of some such environment friendly energy under RPO, officials said “We have got the green light from board of directors to buy green energy from the two companies,” MPPMCL managing director Manu Shrivastava told TOI. He said they are going to sign letter of intent (LoI) with the two companies to buy 105 mw power from Welspun and remaining 20 mw from Alpha respectively. “We will get power Rs 7.90 per unit from one company and Rs 8.05 from other once. MP power regulatory commission has given its nod to buy the power and earmarked a maximum of Rs 15.35 per unit,” an official said.
He said the solar power would cost them average of Rs 2,66 per unit from one company and Rs 2.70 from another one, given the rate Rs 7.90 per unit and Rs 8.05 per unit respectively would be the same for 25 years. He said that both the solar projects are likely to come up next fiscal.) is going ahead with a plan to buy 125 mega watt (MW) green energy from two upcoming solar projects in state of as many private companies – Welspun group and Alpha Infraprop Limited under  Renewable Power Obligation (RPO).

The state government is going to for purchase after the Centre asked the states to make use of some such environment friendly energy under RPO, officials said “We have got the green light from board of directors to buy green energy from the two companies,” MPPMCL managing director Manu Shrivastava told TOI. He said they are going to sign letter of intent (LoI) with the two companies to buy 105 mw power from Welspun and remaining 20 mw from Alpha respectively. “We will get power Rs 7.90 per unit from one company and Rs 8.05 from other once. MP power regulatory commission has given its nod to buy the power and earmarked a maximum of Rs 15.35 per unit,” an official said.

He said the solar power would cost them average of Rs 2,66 per unit from one company and Rs 2.70 from another one, given the rate Rs 7.90 per unit and Rs 8.05 per unit respectively would be the same for 25 years. He said that both the solar projects are likely to come up next fiscal.

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