NHPC to cancel 2520 MW bids under power purchase agreement over high tariff

The second round of the pilot scheme for procuring power from thermal units that do not have any power purchase agreement (PPA) could be cancelled, owing to high tariff quoted by the units. State-owned NHPC Limited conducted the second round, which saw lowest tariff of Rs. 4.41/unit by 25 companies.

Senior executives confirmed the development, saying no state had agreed to purchase power from these units at this rate. 

BS