Power distribution company BSES on Wednesday signed a 25-year-power-purchase agreement with Timarpur-Okhla Waste Management Company Private Limited (TOWMCL) to buy electricity from the Capital’s largest “city waste to power” initiative being set up at Okhla.
As per the agreement, BRPL will purchase 50 per cent of 16 MW electricity to be produced by TOWMCL at the Okhla plant.
“Under the terms of agreement, BRPL will procure 50 per cent of the exportable electricity that will be generated by the under-construction 16 MW ‘waste to energy’ integrated power plant in Okhla. BRPL will procure power at a DERC approved competitive tariff rate, determined by a competitive bidding process,” said BRPL Chief Executive Officer Gopal Saxena.
The agreement allows the promoters to sell the remaining 50 per cent electricity through a suitable open access mechanism.