Financial Daily from THE HINDU group of publications
Thursday, Apr 04, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Corporate - New Projects


DVC gets CEA nod for Mejia extension

Our Bureau

KOLKATA, April 3

THE Damodar Valley Corporation (DVC) has received techno-economic clearance from the Central Electricity Authority for the fourth unit of Mejia Thermal Power Station (MTPS).

Sources said that the DVC board was set to formally approve the project at its meeting this week, after having given its in-principle nod earlier. The cost of the 210 MW project has been pegged at around Rs 700 crore since most of the facilities already exist at the site where three 210 MW units are already operational.

Although DVC is now eyeing the joint venture route for implementing its future projects, the Mejia extension unit would be implemented with internal resources, according to sources.

Bharat Heavy Electricals Ltd (BHEL) would be executing the project and a letter of intent has already been issued to it. Sources said that this project was in the DVC's basket of seven new projects it hoped to add in the Tenth Plan period.

"DVC, which had earlier envisaged a capacity addition programme of only 1,960 MW in the 2002-07 period, was asked by the Union Power Ministry to add at least 5,000 MW. Accordingly, it identified greenfield projects involving a total capital outlay of Rs 25,941 crore.

Meanwhile, the multi-utility corporation has once again started regulating power supplies to the RPG-controlled CESC, on account of non-payment of dues amounting to nearly Rs 70 crore as on March 31.

DVC, which had restricted supplies to the private utility in January this year, had decided to curb supplies for four hours daily. CESC, which buys around 210 million units of power, has piled up over a year's billing in arrears.

A DVC release said the regulation was being done on the basis of an order passed by the Supreme Court on March 18, giving "liberty to DVC to take action".

Earlier, CESC had obtained a stay order from the Calcutta High Court barring restrictions on supplies.

Send this article to Friends by E-Mail

Stories in this Section
Hind Motors' LPG rural vehicle gets auto body okay


Indica April production scaled down
Kinetic begins exports
DCA panel finalises report on accounting services
CDPQ picks up more stake in UTV
Nagarjuna Power told to file new payment security plan -- HC Bench rejects Govt appeal
Kerala: HC order on Merchem plant closure
BHEL may keep PSU status after 16 pc stake sale
Asian Paints eyes buys; `talking to Snowcem'
DVC gets CEA nod for Mejia extension
Sify.com in alliance with Hindustan Times
Sterlite bags safety grading
ONGC profit may rise Rs 5,000 cr post-APM
Maruti back in black, makes Rs 55-cr profit
Coal India production up 4.3 per cent
KMML weathers recession to post record sales
CCL output touches 20-year high
Hyundai ends fiscal year with Rs 3,403-cr sales
8.1 pc rise in ONGC profit
PTC net at Rs 7.5 cr; volume traded exceeds target


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line