The Gujarat Urja Vikas Nigam Limited (GUVNL) paid a staggering Rs900 per month as fixed cost to power producers in the last two years, the state government revealed in the assembly on Thursday. Between February 2016 and January 2017, the fixed cost paid to power producers was Rs920 crore per month, and Rs905 crore between February 2017 to January 2018. “The fixed cost was paid by GUVNL as a part of the long-term power purchase agreements signed with different power producers,” state energy minister said in a written reply in the House. The fixed cost has to be paid to power producers based on the Availability Based Tariff as decided by Gujarat Electricity Regulatory Commission (GERC), he said. Generation by private power producers declined from 31,805 MUs to 27,884 MUs, while those from renewable energy sources went up from 5,995 MUs to 7,975 MUs.

Source: dna March 23, 2018 00:45 UTC