Kerala signs MoU with NTPC for more Solar Power Generation

Solar Power

The Kerala State Electricity Board and NTPC Ltd inked an MoU (Memorandum of Understanding) on Friday for establishing solar power plants for more Solar Power at the NTPC’s Kayamkulam plant. In the first stage, a 15 MW ground-mounted plant will be established at Kayamkulam. The generated power will be sold to KSEB at prices not exceeding Rs 3 per unit.

In the long run, the two agencies plan to scale up solar power generation to over 100 MW by establishing more plants on the NTPC land. The release further stated,

“the state is expected to make good strides in solar power generation with the MoU becoming operational.”

NTPC Director (Commercial) A K Gupta and KSEB CMD N S Pillai signed the MoU in the presence of Chief Minister Pinarayi Vijayan and state power minister M M Mani. NTPC Chairman and MD Gurdeep Singh and state Chief Secretary Paul Antony were among those present.

The KSEB and NTPC also reached an agreement to re-fix the fixed cost payable by KSEB to NTPC for the NTPC Kayamkulam plant at Rs 200 crore. As per an order of the Central Electricity Regulatory Commission, the fixed cost was pegged at Rs 307 crore per annum which was deemed too hefty by KSEB.

KSEB has not been scheduling power from the naphtha-fuelled plant due to the huge per-unit cost of the generated power. However, the fixed cost has to be paid whether KSEB purchases electricity or not.

Source: Economic Times

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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