Maharashtra government to revive shut projects for more power
The Maharashtra government is planning to get 1,500 MW of stranded power capacity on track by reviving private projects shut down due to lack of power purchase agreements (PPAs). This non-inking of PPAs has left these projects with no buyers for their electricity, which has forced them to stop generation.
The proposal will enable consumers to get power at cheaper costs and revive the idle assets of these independent power producers.
“We are planning a policy to revive around 1,500 MW of shut down private power projects. They can enter into private-public partnerships (PPP) with us, with we (the state government) contributing equity,” said energy minister Chandrashekhar Bavankule. He added that these projects had been shut down because of lack of buyers for their electricity in a surplus market as they had not inked any PPAs with distribution utilities like the Maharashtra State Electricity Distribution Company Limited (MahaVitaran).