Encouraged by the Center's favorable disposition towards merchant power plants (MPP), which are not backed by long-term power purchase agreements (PPA), NTPC has decided to sell the majority of the 1,000 MW power to be generated from its upcoming Korba-III and Farakka-III thermal power projects via various short-term mechanisms.- As per plans, 65% of power generated by Korba-III, along with 63% of that by Farakka-III, will be earmarked for the open market, direct sales to bulk customers and power exchanges.
- The balance will be sold to the respective home states via long-term PPAs. Accordingly, Chhattisgarh will be entitled to 175 MW of power at regulated tariffs from Korba-III, while West Bengal will obtain 185 MW from the Farakka-III plant.
- The Korba and Farakka plants are expected to go on steam in October 2010 and February 2011, respectively.
- NTPC has already wrapped-up the boiler light up and oil flushing for the Korba-III plant, while erection of boiler, turbine and chimney flue cans is in progress at the Farakka-III site.
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