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NTPC offers to sell power directly to India Inc

In a deviation from its standard practice, state-run power producer NTPC has invited expressions of interest (EoIs) from electricity distribution companies (discoms) and industries to purchase electricity from its “spare generation capacity”.NTPC traditionally supplies power directly to discoms, mostly under long-term power purchase agreements (PPAs). This is the first time the company is offering to sell power to corporates and industrial consumers on an open access basis.Currently, all 52,000 megawatt (MW) of NTPC’s operational capacity and 15,000 MW of under-construction coal-based stations are tied up with assured power off-take agreements. In fact, in the three months before the January 2011 deadline for shifting to competitive bidding.....

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