logo
DVC inks long-term pact to supply 300 MW power to Karnataka DISCOMs

DVC inks long-term pact to supply 300 MW power to Karnataka DISCOMs

Time of India30-06-2025
Kolkata:
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
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

JSW Energy signs power purchase agreement with SECI for FDRE project
JSW Energy signs power purchase agreement with SECI for FDRE project

Time of India

time9 hours ago

  • Time of India

JSW Energy signs power purchase agreement with SECI for FDRE project

New Delhi: JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India ( SECI ). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project . Explore courses from Top Institutes in Please select course: Select a Course Category Management Leadership Project Management Technology Operations Management Product Management Cybersecurity Data Science CXO Degree Artificial Intelligence Public Policy healthcare Digital Marketing PGDM Data Analytics Design Thinking Others Healthcare Finance Data Science MBA MCA others Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy the Dip: Top 5 Dividend Stocks with Growth Potential Seeking Alpha Read More Undo With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. Live Events "We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. "With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said.

JSW Energy signs power purchase agreement with SECI for FDRE project
JSW Energy signs power purchase agreement with SECI for FDRE project

News18

time9 hours ago

  • News18

JSW Energy signs power purchase agreement with SECI for FDRE project

New Delhi, Jul 25 (PTI) JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project. According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. 'We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and tailored energy solutions that address the dynamic requirements of our offtakers. 'With this project, we are strengthening our energy products and services offering while supporting the country's energy transition goals," Sharad Mahendra, Joint Managing Director and CEO of JSW Energy said. PTI KKS DRR First Published: July 25, 2025, 10:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Explained: What is market coupling in power sector, and how it will change electricity pricing in India
Explained: What is market coupling in power sector, and how it will change electricity pricing in India

Time of India

time10 hours ago

  • Time of India

Explained: What is market coupling in power sector, and how it will change electricity pricing in India

New Delhi: In a major reform move, India's electricity regulator—the Central Electricity Regulatory Commission (CERC)—has ordered a phased rollout of market coupling in the Day-Ahead Market (DAM) by January 2026. While this may sound technical, it is expected to reshape the way electricity is bought and sold in India, and could eventually help lower prices for consumers and improve efficiency in the power system. So what exactly is market coupling, and why is it being introduced now? What is Market Coupling: Think of it like airline ticket booking Imagine there are three different travel apps—say App A, App B, and App C—where you can book airline tickets. Right now, each app has a different price for the same flight, even though the airline is the same. Some apps may show lower fares, others may not. Now imagine if all the apps were connected to a central system that pooled all the tickets together and offered you the best price across all platforms—automatically. That's what market coupling aims to do for electricity. Currently, India has three power exchanges—IEX ( Indian Energy Exchange ), PXIL (Power Exchange India Ltd), and HPX (Hindustan Power Exchange). All three allow electricity buyers (like DISCOMs and large industries) and sellers (like power generators) to trade power for the next day. But each exchange operates independently, leading to different prices for the same commodity—electricity. With market coupling, there will be a common price for power across all exchanges, determined by a single Market Coupling Operator (MCO). The goal is to ensure the most efficient match of supply and demand, regardless of which exchange the bid is placed on. Why is this being done now? Electricity markets are becoming more dynamic, with large variations in demand and supply throughout the day—especially with the rise of solar and wind energy. Ensuring that power is dispatched efficiently and at the lowest cost is becoming critical. Between December 2024 and March 2025, a shadow pilot project was conducted by Grid-India to test if market coupling can actually deliver results. The findings were promising: 1. In the Real-Time Market (RTM), market coupling could save ₹1.4 crore per day. 2. Price volatility went down. 3. Power was allocated more efficiently. These results gave the CERC confidence to roll out the reform—starting with the Day-Ahead Market. What changes can consumers and the industry expect? In the long term, market coupling could lead to lower and more stable power prices, especially during periods of surplus supply. For instance, when wind power is high at night or solar is abundant in the afternoon, prices fall sharply on one exchange but remain high on another. Market coupling will eliminate these gaps. Also, it will discourage arbitrage behaviour—where buyers deliberately choose the exchange with lower prices—because now there will be one national clearing price. For industries and DISCOMs, this could simplify buying decisions, make costs more predictable, and reduce administrative complexity. Who will run the new system? Rather than appointing one central operator, the CERC has adopted a round-robin model, where the three exchanges will take turns acting as the Market Coupling Operator. Grid-India will act as a standby body and oversee audits, ensuring transparency. For now, market coupling will be implemented only in the Day-Ahead Market, where the bulk of scheduled electricity is traded. Real-Time Market (RTM) and Term-Ahead Market (TAM) coupling have been deferred due to operational and technical complexities. What are the challenges ahead? Market coupling may sound simple, but its execution is highly complex. All exchanges will have to align their bidding formats, upgrade their software systems, and coordinate closely in real-time. There are also concerns about whether market coupling could reduce competition among exchanges. However, the CERC has clarified that while price discovery will be centralised, competition will continue in services, user experience, and innovation, keeping exchanges relevant. What comes next? The CERC has directed its staff to work with Grid-India and stakeholders to propose regulatory changes needed to implement the reform. Another pilot is expected in the Term-Ahead Market, and broader consultations will follow. If successful, India could become one of the few countries globally with a unified, efficient, and transparent electricity market, helping ensure both cost-effective power and grid stability—key to supporting rising demand, especially from electric vehicles, industry, and green hydrogen.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store