UHBVN to buy power from BPCL

Uttar Haryana Bijli Vitran Nigam (UHBVN) on Monday signed an agreement with Bhoruka Power Corporation Limited (BPCL) to purchase energy for next 35 years.

CHANDIGARH: Uttar Haryana Bijli Vitran Nigam (UHBVN) on Monday signed an agreement with Bhoruka Power Corporation Limited (BPCL) to purchase energy for next 35 years.

Giving details, an UHBVN spokesman said here today that the BPCL is setting up a project at Western Yamuna Canal, Dadupur (Yamuna Nagar) where a 4.5 meter natural fall is available.

Four units of 1.5 MW each would be functional by September 2009. The upcoming project is environment-friendly with all recommended parameters. This is the first effort made by the UHBVN to explore availability of electricity from such a renewable energy project, he said.

UHBVN, as per the Haryana Electricity Regulatory Commission (HERC) approved PPA, would purchase electricity at Rs 2.80 per unit from the date of commissioning for 12 years and at Rs 1.70 per unit for the next three years. It is expected that the electricity would be cheaper after 15 years, he said.

The net exportable energy would be 29.67 million units per year. The electricity supply would be taken at 33 KV switching substation by which the nigam would be saving Rs 80 lakh per year on account of wheeling charges besides getting clean energy for distribution to consumers at an economical cost, he added.

As per order of HERC, the state is to procure up to 3 per cent of total consumption of electricity during the year 2008-09 from the renewable and non-conventional energy sources.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Industry › Energy › Power › UHBVN to buy power from BPCL
Text Size:AAA
Success
This article has been saved

*

+