Reliance Infra-promoted BSES, a power distribution company (discom) in Delhi, will cancel long-term power purchase agreements (PPAs) with six thermal units and replace them with renewable energy, which may lead to savings of Rs 800 crore per year for Delhi consumers, a company executive said.
This comes after the Central Electricity Regulatory Commission (CERC) allowed the discom to nix its PPA with Dadri power unit of state-owned power generator NTPC.
Senior company executives said BSES plans to end its PPA with units which are 25 years old and are costly. All the six units — Unchahar, Farakka, Auriya gas, Anta, Kahalgaon and