MoAs signed for first 1,000 MW wind power auction
The Memorandum of Agreements (MoAs) for purchase of 1,000 MW wind power under the first auction of Ministry of New and Renewable Energy (MNRE) were signed in New Delhi between PTC India, the trading company, and Discoms of Uttar Pradesh, Bihar, Jharkhand, Delhi, Odisha and Assam. The signing was done during the two days Conference of Power, New & Renewable Energy & Mines Ministers of States and UTs.
As per MoAs, the Discoms of UP to buy 449.9 MW, Bihar- 200 MW, Jharkhand – 200 MW, Delhi – 100 MW, Assam – 50 MW and Odisha – 50 MW of wind power for meeting their non-solar Renewable Portfolio Obligation (RPO).
The Letter of Award (LoA) to the successful wind power developers under the first wind auction scheme have been issued by Solar Energy Corporation of India (SECI) on April 5, 2017 and the projects are to be commissioned within 18 months from the date of issue of LoA.