In a major development, National Thermal Power Corporation Ltd. (NTPC) has withdrawn from the much-hyped 2,000 megawatts (MW) solar power projects at Pavagaa in the Tumakuru district and the government is planning for fresh tender.
Recently NTPC informed the government that they will not be able to supply required power at the agreed cost. According to the government source, NTPC is supposed to purchase 600 MW power from six power developers at Rs. 4.80 per unit and subsequently supply the same to State Electricity distribution companies at a package tariff of Rs. 3.30 per unit.
D.K. Sivakumar, the state energy minister, informed that the government is seriously trying to complete the proposed 600 MW solar power project within next six to eight months and already the decision for floating tenders is on the primary agenda.
Sivakumar also said, “Many have come forward to participate in the process. This local generation and supply of power will help in providing daytime power to villages.” The government is also quite confident of getting a good price from local developers.