Why has Tamil Nadu opted for an expensive electricity purchase agreement? | Explained
Read the full story at The Hindu
The story so far: The Tamil Nadu Power Distribution Corporation Limited (TNPDCL) recently signed a power purchase agreement at over ₹30 per unit. This has been criticised by various Opposition parties, which have condemned the rate the State has to pay, drawing comparisons with other States that are paying much lower rates for power purchase agreements.
The government has clarified that due to the high demand for electricity in the State this time, thanks to a prolonged summer-like situation, it has had to opt for such an agreement. Energy Resources Minister C.T.R.
Nirmal Kumar has claimed that at the moment, only gas power is available for purchase, and attributed the high cost of the power purchase agreement to the same.
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