Opinion | Power purchase agreements as an albatross4 min read 21 Apr 2020, 10:44 PM IST
Long-term supply contracts need flexibility for public utilities to adapt to unforeseen situations such as a covid collapse in demand
India is now an electricity surplus country with an installed capacity of 369,000 megawatts (MW) against its peak demand of 183,804 MW. Independent power producers in the private sector now account for 47% of overall capacity—48% of thermal and 43% of renewable—while the Centre owns 25% of it and state governments the rest. The utilization trend has been away from coal and natural gas fired plants towards facilities for renewable energy.
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