(ET)
Seven companies including RKM PowerGen, Jaiprakash Associates and MB Power have secured contracts to supply 1,900 MW of power to five states. Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of state-owned Power Finance Corp, awarded the contracts on Friday. The companies, which also include Jindal India Thermal Power, IL&FS, Avantha Group’s Jhabua Power and SKS Power, will supply power to Tamil Nadu, Telangana, Bihar, West Bengal and Haryana, an official said.
Power purchase agreements (PPAs) with power distribution utilities of these states will be signed after receiving requisite clearances, the official added. The seven power companies had in July quoted the lowest.Rs.4.24 per unit price in the pilot auction scheme for plants stressed for want of power contracts.
