Excelsior Correspondent
JAMMU, Mar 12: In a significant development NHPC, India’s premier hydropower utility has been appointed as ‘Aggregator’ under Pilot Scheme–II notified by Union Ministry of Power, for procurement of aggregated Power of 2500 MW for 3 years (covered under Medium term) through PFC Consultancy Limited (PFCCL)– the Nodal Agency.
A handout stated that NHPC’s total installed capacity is 7071.2 MW and it operates 24 power stations including JV, Solar and Wind.
It is pertinent to mention here that Union Ministry of Power issued notification for Pilot Scheme-II on January 30, 2019 for procurement of 2500 MW aggregated power for 3 years through PFC Consultancy Limited as Nodal Agency. The scheme facilitates procurement of aggregated power from the generating companies with already commissioned coal based Power Plants but not having a Power Purchase Agreement (PPAs).
The handout further stated that PFCCL floated tender for appointment of ‘Aggregator’ under scheme on February 21, 2019. NHPC participated in tendering process and was declared successful bidder.
PFCCL has issued Letter of Award (LOA) for appointment of NHPC as ‘Aggregator’ for the Pilot Scheme –II.
Addressing a press conference at New Delhi Balraj Joshi, CMD NHPC said, the Aggregator will sign an agreement for procurement of power under Pilot Scheme –II (APPP-II) with the successful bidder(s) and back to back Power Supply Agreement under Pilot Scheme –II (PSAP-II) with Distribution Licensee(s)/Utilities.
Joshi further said that the scheme shall involve transaction of electricity of around 18615 MUs at 85% PLF of 2500 MW and turnover of more than of Rs 7000 crores (approx.) on yearly basis. NHPC shall receive Trading Margin from Distribution Licensee(s)/ Utilities under Pilot Scheme-II for providing services of ‘Aggregator’ between Generator & Buyer/Utilities as Trader.
Joshi further said that a Memorandum of Understanding (MOU) was signed by NHPC Limited with Jammu & Kashmir State Power Development Department (JKPDD) and J&K State Power Development Corporation (JKSPDC) for execution of 850 MW Ratle Hydroelectric Project (Jammu & Kashmir) on 2nd February 2019.
It is pertinent to mention here that Ratle Hydroelectric Project is a run-off-river/pondage scheme on Chenab River. The project is covered under the Indus Water Treaty 1960 between India & Pakistan. The project will have an installed capacity of 850 MW (4×205 MW + 1×30 MW) and is designed to generate 3136.80 Million Units in a 90% dependable year. The expected completion cost of the project is Rs 6215.61 crore (Nov’18 PL).
The CMD NHPC also informed that the cumulative generation from all power stations for the current FY stands at 23057 MUs and shall surpass previous record of 23404 MUs.
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