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Reddy nod to purchase more electricity

HYDERABAD — In yet another major move to bridge the gap between demand and supply in the power sector, Andhra Pradesh chief minister N. Kiran Kumar Reddy on Sunday gave the nod for purchase of 50 per cent of the power that would be generated at the proposed 4,000 MW mega power project in Visakhapatnam district promoted by the National Thermal Power Corporation (NTPC).

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NTPC had agreed to set up the Rs 23,000 crore power project in Andhra Pradesh subject to the condition that the state buy at all times 50 per cent of the power generated at the thermal plant. “The tariff for the power purchase would be decided by the Central Electricity Regulatory Authority (CERA). This new NTPC power project will help meet to a great extent the ever growing demand for power in the state due to rapid industrialisation and extensive agricultural operations,” an official at the Chief Minister’s Office told Khaleej Times.
The government will also take necessary steps to facilitate early clearances required for the project and provide the requisite land, water and other infrastructure facilities, the official said, adding that NTPC had already sent a draft Power Purchase Agreement (PPA) to be entered into between NTPC and APDISCOMs, the state-owned power distribution companies in the state.After signing the files, Kiran Kumar Reddy expressed happiness over what he termed as yet another critical step taken by the state government to promote power generation which would go a long way in helping meet the increasing demand for energy in the state.
news@khaleejtimes.com

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