The Union Ministry of New and Renewable Energy has announced the launch of second round of wind energy auction for 1,000 MW.
According to a BusinessLine report, the announcement was done concurrently with the signing of memoranda of agreement between the public sector Power Trading Corporation and the electricity distribution companies (discoms) of Uttar Pradesh, Bihar, Jharkhand, Delhi, Assam and Odisha.
These discoms will buy wind power from PTC to meet their renewable purchase obligation, which is mandated by law. According to a press release from MNRE, UP will buy 499.9 MW, Bihar 200 MW, Jharkhand 200 MW, Delhi 100 MW and Assam and Odisha 50 MW each, it said.
The signing of the agreements completes the first auction, held in February, in which five companies won rights to set up 1,050 MW of wind power and sell their electricity to PTC.
Image credit: thehindubusinessline.com