Andhra Pradesh to procure 1,600 MW of thermal power to meet rising electricity demand

Andhra Pradesh will procure 1,600 MW of coal-based thermal power to meet the State’s rising electricity demand and strengthen long-term energy security. The Andhra Pradesh Electricity Regulatory Commission has granted in-principle approval to the State’s power distribution companies to initiate a competitive bidding process for the procurement. The power will be procured through Tariff-Based Competitive Bidding under Section 63 of the Electricity Act, 2003, using the Design, Build, Finance, Own and Operate model, said an...