The Stress Marks!
India's power sector is in a catch-22 situation. A sound analysis of the power sector affirms that the sector is in the ICU where 78,000 MW of projects are under stress; and approximately Rs 1,200 billion worth unviable projects and PPAs are signed for a mere 7,000 MW.
GVK Power inks supplementary PPA with Punjab bod
GVK Power & Infrastructure Ltd has signed a Supplementary Power Purchase Agreement with the Punjab State Power Corporation Ltd, for its project located at Tarn Taran in Punjab. This comes in the backdrop of GVK Power (Goindwal Sahib) Ltd, a subsidiary of GVK Power, receiving a letter of award for long term coal linkage for the power plant, which was earlier impacted due to lack of fuel.
Road Ahead for New TPPs in India
Millions of Indians are yet to see the light of the day, without electricity connection. Pace of demand growth is far behind that of supply. The fossil fuels are being relegated and renewable sources are inducted in a big way.
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