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Home News Power Sector News UP signs MoUs for four new 1,320-MW coal based projects

UP signs MoUs for four new 1,320-MW coal based projects

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UPThe UP state government signed a Memorandum of Understanding (MoUs) on 31-12-2010 to set up of four new coal-based thermal power projects in UP. The plants are to be set up by Torrent Power Limited, Welspun Energy Limited, two Central PSUs - NTPC and Tehri Hydro Development Corporation - will generate 1,320 MW of power each, adding a fresh generation capacity of 5,280 MW in the state.

The cumulative capacity of the power plants to be set up through MoUs has now reached 15,000 MW. The MoU was signed by Secretary, Energy, Navneet Sehgal, who is also the CMD of the UP Power Corporation Ltd (UPPCL). The proposed projects with an installed capacity 1,320 MW each, are targeted to be commissioned by 2016. The total cost is estimated to be over Rs 25,000 crore.

"UP's share in power generated by the private sector companies - Torrent Power Ltd and Welspun Energy - will be 100 per cent and 60 per cent in the plant to be set up by the NTPC and above 50 per cent in the plant to be set up by the THDC," said Sehgal.

The private Torrent Power Company will set up the power plant at Sandila in Hardoi district. Welspun Energy Limited will set up a thermal power plant of similar capacity in Ghazipur, eastern UP. The central PSU NTPC will set up its plant at Bilhaur in Kanpur Nagar district. The THDC will set up a 1,320 MW power plant in Khurja in Bulandsahar district.

"Through these efforts, the state will be able to resolve power shortfalls by 2014 and will become a power-surplus state by 2017," Sehgal said.

The UPPCL, meanwhile, also signed two Power Purchase Agreements (PPA) with the NTPC on Friday.

The state will get additional power from the next financial year from the two NTPC plants coming up in Madhya Pradesh and Gidarwa in Punjab.

Source- Indian Express

 

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