Monday, December 23, 2019

Power Ministry cancels auction of 2.5GW after tepid response from state utilities

According to sources, lack of interest from state power utilities due to a higher tariff of Rs 4.41 per unit discovered through the reverse auction process led to the cancellation of the auction. The power ministry now has advised nodal agency Power Finance Corporation-arm PFC Consultancy Ltd (PFCCL) to call the bids again.

from Energy-Industry-Economic Times https://ift.tt/34T1CAV

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