Maharashtra power purchase to cost more
Maharashtra will have to pay higher levelised rates for power purchases in the coming months to keep load shedding away.
A levelised rate means the average fixed and variable rate over the entire term of a power purchase agreement. State-run Maharashtra State Electricity Distribution Company (MahaVitaran) said power purchase during medium-term contract would be at the prevailing Rs 4-4.90 a unit.
The high rates are largely due to constraints in the availability of fuel and rising demand from states.
MahaVitaran’s medium-term contract with Adani Power for the supply of 400 Mw at Rs 4.10 a unit ended in September, while a similar deal for 300 Mw from JSW would be over by the end of October at the same rate.