♦ Talks underway again for renegotiation of first generation PPAs.
According to StarBiz, the Energy, Green Technology and Water Ministry has
begun fresh talks with the country’s first generation IPPs to convince them
to compromise on the terms of the PPAs. In return, these IPPs would be
offered an extension to their concessions upon expiry. According to the
report, the framework for negotiation has been worked out, which involves
two stages. The first one entails reducing the current capacity rate financial
for the remainder of the concession period and the second involves talks on
the next set of PPAs going forward.
Power Sector Update : Fresh Talks Underway To Renegotiate First - 17/09/2010
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