DVC inks long-term pact to supply 300 MW power to Karnataka DISCOMs
Damodar Valley Corporation
(DVC) on Monday signed a long-term Power Purchase Agreement (PPA) to supply 300 MW of round-the-clock thermal power to Karnataka's five electricity distribution companies (DISCOMs), an official said.
The power will be sourced from DVC's upcoming
Koderma Thermal Power Station
Phase-II (2x800 MW), currently under development. The agreement is aimed at meeting Karnataka's growing energy demand with reliable and affordable thermal power.
The pact was signed at the headquarters of Power Company of Karnataka Limited (PCKL) and marks an expansion of DVC's existing supply of 450 MW to the southern state.
The PPA was signed between DVC-PCKL and the five DISCOMs.
"This agreement highlights DVC's capability to deliver dependable power beyond its core region and reinforces our commitment to sustainable energy solutions across India," said DVC Member (Finance), Arup Sarkar.
PCKL Managing Director Lokhande Snehal Sudhakar said the agreement would ensure consistent power supply at competitive rates.
With this PPA, DVC has completed agreements for all three of its upcoming projects - Koderma Phase-II, Raghunathpur Thermal Power Station (RTPS) Phase-II, and DVC's other expansion projects - totalling 3,720 MW of new generation capacity. PTI
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