The Ministry of Power has kicked off a scheme for procurement of aggregate power of 4500 MW on a competitive basis or five years on a finance, own and operate (FOO) basis the SHAKTI Policy.
PFC Consulting Limited (A wholly owned subsidiary of PFC Ltd) has been designated as the nodal agency by the ministry. Under the scheme, PFC Consulting Ltd has invited bids for the supply of 4,500 MW.
The supply of electricity will commence in April 2023. The Ministry of Coal has been requested to allocate around 27 MTPA for this.
The utilities that have evinced interest in the scheme are Gujarat Urja Vikas Nigam Ltd, Maharashtra State Electricity Distribution Company Ltd, Madhya Pradesh Power Management Company Ltd, New Delhi Municipal Corporation and Tamil Nadu Generation and Distribution Corporation Ltd. The last date for the bid submission is 21 December 2022.
It is for the first time that bidding is being carried out under B(v) of the Shakti scheme. Also, a revised PPA for the medium-term is being used in this bidding.
This scheme is expected to help the states that are facing power shortages and also help generation plants to increase their capacities.