The Ministry of Coal has directed Coal India to execute the Fuel Supply Agreement (FSA) with KSK Energy Ventures’ Mahanadi Power Project. This Fuel Supply Agreement will provide for supply of coal to 1800 MW.
The company is also progressing towards execution of a long term PPA for 1000 MW of Capacity, under a competitive bidding process, with the Uttar Pradesh Power Corporation (UPPCL) at a levelised tariff of Rs 5.58/kwh, adjustable for transmission costs and with potential for tariff escalations on account of certain input costs. The Project has earlier notified entering into another PPA of 500 MW on competitive bid basis with TANGEDCO.
KSK Energy Ventures is engaged in the business of developing and operating power plants. The company is a wholly owned subsidiary of KSK Energy (Mauritius), which in turn is subsidiary of KSK Power Ventur plc.
