(ET)
The fate of around 800 mw out of 1,200 mw of wind power auctioned by NTPC last year remains uncertain because the state-owned firm has not been able to get regulatory approvals. Hero Future Energies, Renew Power, Continuum Wind, Sprng Energy, EDF and Mytrah Energy had emerged as the biggest winners of the auction conducted in August 2018, with tariffs ranging between Rs 2.77 and Rs 2.83 per unit.
The state regulator’s approval for adoption of tariff is required within two months after signing the power purchase agreement (PPA) or the power sale agreement (PSA), whichever is first. But with the power regulators delaying their consent, this period has lapsed and NTPC has given the winners the option of withdrawing altogether, according to people aware of the matter.
