Andhra Pradesh discoms to buy 500 MW of solar power from 2016 - report
Aug 25, 2014 - Two power distribution companies in the Indian state of Andhra Pradesh plan to buy 500 MW of solar power from a private firm starting in 2016, the Times of India said yesterday.
As part of the plan, the Eastern Power Distribution Co of AP Ltd (APEPDCL) and the Southern Power Distribution Co of AP Ltd (APSPDCL) will each purchase 250 MW of solar power from the private developer, which will be selected through an auction held by APSPDCL. Bids are to be accepted between September 2 and 17, the latter’s divisional engineer, Ch Tata Rao, told the Times of India.
The power distribution firms will buy the generated electricity under a 25-year power purchase agreement (PPA) at a fixed price. The contract is expected to be signed on October 29, the newspaper said, citing a senior APEPDCL official.
The construction of the planned PV project, which will comprise solar systems located in 13 districts, is expected to take one year, with power generation scheduled to begin from 2016.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.