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).

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Amit Antil

After doing Power Management (MBA) from National Power Training Institute (NPTI), Amit Antil is now presently working with Today Green Energy Pvt. Ltd. and looking after business development activities for Solar. Earlier he was associated with leading power trading company Global Energy for 3 years. He has a sound knowledge about bidding, power trading, open access, REC trading, Govt. Liaisoning, Contract Negotiation, Power Purchase Agreement.

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