MSEB To Shell Out Rs 3,349 Cr For Power

Mumbai: | Updated: Nov 17 2003, 05:30am hrs
The Maharashtra State Ele-ctricity Board (MSEB), which has to carry out daily load-shedding of about 1,200 mw, has projected its outgo towards power purchase and payment of unscheduled intercharge (UI) charge under the availability based tariff (ABT) at Rs 3,349 crore for 2003-04 compared with the previous years Rs 2,966.51 crore. This does not include power purch-ase from the troubled Dabhol project, the revival of which is being pursued by the Industri-al Development Bank of India-led rupee lenders consortium.

Of the Rs 3,349 crore, MSEB would have to shell out as high as Rs 1,920 crore (against Rs 1,864.41 crore in 02-03) to the National Therm-al Power Corporation (NTPC), Rs 672 crore (Rs 593.80 crore) to the Nuclear Power Corpora-tion (NPC), Rs 180 crore (Rs 167.64 crore) to the Powe-rGrid Corporation, Rs 357 crore (Rs 142.97 crore) to the Power Trading Corporation and trading companies, Rs 200 crore (Rs 197.69 crore) towards UI charges.

According to an MSEB presentation, during April-September 2003 it made power purchase worth Rs 1,596.82 crore against Rs 1,279.67 crore during the same period last year. The board would have to rely on power purchases in view of the mounting peak demand and lack of adequate capacity addition in the near future. MSEB has estimated that it would have to step up daily load- shedding to over 1,500 mw next summer.

Further, the board is also buying about 100 to 200 mw from Tata Power Company.

MSEB has proposed the capacity addition of 1,595 mw by end of the 10th Plan (2006-07) and subsequently launched the tendering process for the 250 mw Parali project. It expects construction work to begin in November. For the Paras project (250 mw), construction work is expected to begin next February. The power from these two projects is expected to be available in 2006. In addition, the government wo-uld get 500 mw from hydro, 319 mw from Sipat-II, 326 mw from Vindhyachal-III and 100 mw from Kahalgaon (all these projects to be commissioned by NTPC). The state is expe-cted to get 396 mw from Sipat-I which it had rejected in 2001.

Moreover, the government also expects to get 391 mw from Sardar Sarovar project in 2006 and 468 mw from the Tarapur atomic power plants 3 and 4 units during the same period. By end of 2006-07, the state may get a total of 2,500 mw.