State-owned NTPC has reportedly not been able to get regulatory approvals for around 800 mw out of 1,200 mw of wind power auctioned by it last year.
According to an ET report, Hero Future Energies, Renew Power, Continuum Wind, Sprng Energy, EDF and Mytrah Energy had emerged as the biggest winners of the auction conducted in August 2018, with tariffs ranging between Rs 2.77 and Rs 2.83 per unit.
It said te state regulator’s approval for adoption of tariff is required within two months after signing the power purchase agreement (PPA) or the power sale agreement (PSA), whichever is first.
“But with the power regulators delaying their consent, this period has lapsed and NTPC has given the winners the option of withdrawing altogether,” it said, quoting people aware of the matter.
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