The growth of India's short-term electricity market reflects this shift. While overall electricity supplied grew by only 0.9% in FY26, short-term market transactions expanded by 16.8%, reaching 302 BU
The procurement is being considered as a temporary arrangement to ensure uninterrupted electricity supply and reduce dependence on more expensive emergency purchases
Under the PPA, the project is required to provide four hours of peak-hour power with 90 per cent monthly availability, along with meeting a minimum annual capacity utilisation factor
IIFCL will be the sole lender for the project, with the financing carrying a repayment tenor of 19 years
