Power Ministry launches scheme for procurement of aggregate power

Power Ministry launches scheme for procurement of aggregate power: Ministry of Power has launched a scheme for procurement of aggregate power of 4500 MW for five years under SHAKTI Policy. PFC Consulting Limited (A wholly owned subsidiary of PFC Ltd) has been designated as the Nodal Agency by the Ministry of Power. Under the scheme, PFC Consulting Ltd has invited bids for the supply of 4,500 MW. Supply of electricity will commence from April 2023. Ministry of Coal has been requested to allocate around 27 MTPA for this.

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Aim: To help states that are facing power shortage and help generation plants to increase their capacities.

PFC Consulting Limited has been designated as the nodal agency. Under the scheme, PFC Consulting Ltd has invited bids for the supply of 4,500 MW. Supply of electricity will commence from April 2023. 

The Ministry of Power had notified the Guidelines for procurement of power on Finance, Own and Operate (FOO) basis under para B (v) of the SHAKTI Policy on 25th October 2022. The methodology for coal allocation as per provisions of Para B (v) of SHAKTI policy was issued on 11th May, 2022.