Koda signs pacts to generate 13,000 mw

Font Size

Print

Feedback

Email

Discuss

Related Articles

NTPC to appoint banker for S Africa buyCERC presses green pedal on T&DNTPC delays compound power woesL&T bags Rs 2-k cr power plant order

Jamshedpur, Feb 15: Adhunik Thermal Energy Ltd (ATEL) on Thursday laid the foundation stone of a 270 mw thermal power generation station in the Seraikela-Kharswan district.

Laying the foundation stone, Jharkhand chief minister Madhu Koda said the state had signed up memoranda of understanding (MoU) with different investors in the power sector for building power generating capacity up to 13,000 mw, most of which were big projects, viable only at coal pit-heads. Koda wanted the Centre to clear the state’s pending pit-head power plant proposals.

The Adhunik group’s initiative was only the third concrete project in the state. In November, Koda had laid foundation stone of the 1,000 mw joint venture thermal power project between Tata Power & DVC coming up at Maithon. He is scheduled to lay the foundation stone of a 500 mw power plant belonging to the Abhijit group in Latehar district later this month.

ATEL had signed an MoU with the Jharkhand government for a 1,000 mw power plant in the state on October 30, 2005.

The company plans to reach 1,000 mw generation capacity in three stages. While the first two stages of 270 mw each are to come up at the present site in Seraikela-Kharswan district, a third, to be a pit-head plant, is planned at North Karimpura.

According to Mr Manoj Kr Agarwal, managing director, Adhunik Metaliks Ltd (AML), around 100 acre had already been obtained for the first-phase of the project. The company has applied for another 500 acre under the single-window clearance system.

The first-phase power plant, coming up as an independent power producer (IPP), is to cost the company around Rs 1,200 crore.

ATEL would require 24 months from the date land acquistion to start power generation. It has also entered into a power purchase agreement with Power Trading Corporation (PTC). Earlier this month, it had applied to Power Grid Corporation of India for evacuating/wheeling power from the generating station.

ATEL has appointed Kolkata-based Development Consultants (Pvt) Ltd to do the detailed engineering job for the project.