NTPC subsidiary enters into agreement with KSEB
INVC, Delhi, NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of NTPC Limited, has entered into a Power Purchase Agreement (PPA) with Kerala State Electricity Board (KSEB) for supply of 300 MW Round the Clock (RTC) power for a period of three years starting from 1st March 2014. The PPA was signed by Shri N.K.Sharma, CEO, NVVN and Shri D. Dinesh, CE, Commercial, KSEB in the presence of Shri Aryadan Muhammed, Minister for Power and Transport, Govt. of Kerala in Thiruvanthapuram yesterday. The PPA envisages supply of over seven billion unit power sourced by NVVN from Chhattisgarh during this contract period. The Contract has been bagged by NVVN, through a competitive bidding process conducted by KSEB.