No irregularities in power purchase, says GUVNL

As per the power purchase agreements, Adani Power is mandated to supply 2,000 MW power to GUVNL, and Essar Power 1,000 MW. State power utility firm Gujarat Urja Vikas Nigam Limited (GUVNL) said on Tuesday that there were no irregularities in power purchase by it, and also stressed that it would take action against two top private power producers who had violated power purchase agreements by cutting electricity supply. "The power tied up by GUVNL under short-term arrangements and through power exchanges (in Jan-March 2018) is cheaper than the previous quarter, and even though there is increase in power purchase cost for certain sources in the subsequent quarter, the average power purchase cost has remained at Rs 4.33 per unit," GUVNL Managing Director Pankaj Joshi told DNA. DNA had earlier reported that a power expert had written to Gujarat Electricity Regulatory Commission (GERC) chairman Anand Kumar accusing GUVNL of fudging power purchase price figures. GUVNL has been forced to look for other sources of electricity in view of Adani Power and Essar Power stopping power supply citing high cost of generation.

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