Nod to SPPA with Adani Power in Haryana
Author: BI Bureau
Chandigarh: Haryana Cabinet which met under chairmanship of Chief Minister Manohar Lal here on Monday accorded approval regarding signing Supplementary Power Purchase Agreement (SPAA) with Adani Power Ltd.
The Haryana DISCOMS had entered into two Power Purchase Agreements (PPAs) each for 712 MW with Adani Power Limited, both dated August 7, 2008 at a levelized tariff of Rs 2.94 per unit for 25 years, for the procurement of contracted capacity of 1424 MW in aggregate from the generating Units No. 7, 8 and 9 of the Power Project at Mundra in Gujarat on the terms and conditions contained in the said PPA. Unit 7 of the project was commissioned on August 7, 2012 and Units 8 and 9 were commissioned on February 7, 2013.
The APL had stopped supply of power since September 2021 on the ground of it suffering losses in view of higher operational cost due to increased rate of imported coal. It sought a renegotiation of the PPA and related issues, especially seeking complete pass through of imported coal costs. Keeping in view of the various options available to it and to ensure availability of power at the most reasonable cost, the Haryana DISCOMs negotiated and came to an understanding on the following points and sought Cabinet approval in this regard. /BI/
