NTPC Vidyut Vyapar Nigam to coordinate delivery of 4000 MW of gas based power during peak period

14 Mar 2023 , 11:04 AM

NTPC Vidyut Vyapar Nigam Ltd (NVVN), a subsidiary of the renowned PSU NTPC Limited, has been assigned the responsibility of coordinating the delivery of 4,000 MW of gas-based power during the specified period of heightened power consumption between April 10 and May 16.

NVVN will market the power obtained through its procurement in the Day-Ahead Market segment of power exchanges, as stated in a tender document issued on March 12. 

The document nominates NVVN, a wholly-owned subsidiary of the Indian government’s PSU NTPC Limited, as the agency responsible for coordinating the delivery of 4,000 MW of power from Gas Based Power (GBP) plants during the designated high-demand period between April 10 and May 16.

According to the tender document, this move is aimed at ensuring ample availability of power in the DAY AHEAD MARKET, which is expected to have a stabilizing effect on the clearing price. 

NVVN will identify appropriate bidders, conduct a reverse auction, and bucket filing, and then issue a Letter of Award (LoA) to the successful bidder through an open competitive bidding process in compliance with the prescribed procedure.

The tariff will be charged on a per-kWh basis, with two components: variable charges linked to gas prices (VCG) and variable charges not linked to gas prices (VCNG).

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