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The PTC has made the offer after it entered into a long-term agreement for the 1040 MW Mega Power Project in Orissa of 780 Megawatts capacity with M/s Navbharat Power Private Limited.
The project would be commissioned by 2011 in Dhenkanal district in Orissa and the UT can hope to get power from the project only after three years.
Chandigarh does not generate power on its own and the demand of the city generally crosses 250 MW in peak summer months.
It has been estimated that with the opening of shopping malls, multiplexes and mega projects that include theme and amusement parks, Education City and Film City, the power demand in the city would just as well cross 300 MW soon.
The long-term power purchase agreements assume importance as last summer the administration had to purchase power at much higher rates to meet the peak season power shortage.
Meanwhile, as per the long-term agreement that the UT is likely to enter with the PTC, the validity of the agreement would be 25 years and the tariff is capped at Rs 2.34 per unit for fixed charge and variable charge. The rates are competitive in the longer run, say officials.
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