Financial Daily from THE HINDU group of publications
Wednesday, Nov 20, 2002
Financial Daily from THE HINDU group of publications Wednesday, Nov 20, 2002 |
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Infrastructure Industry & Economy - Power Phase II of national power grid to take off in Dec Our Bureau
Mr R.P. Singh, Chairman and Managing Director, Powergrid, with Mr R.B. Mishra, Executive Director, at a press conference in Mumbai on Tuesday.
MUMBAI, Nov. 19 THE second phase of the national power grid will be commissioned early next month, according to Mr R.P. Singh, Chairman and Managing Director, PowerGrid Corporation of India (PGCIL). The 450-km Raipur-Rourkela AC system, which will be inaugurated in the first week of December 2003, will link eastern and western parts of India. The Rs 400-crore project will transmit 800-1,000 MW from the eastern regions to western India, which has a peak demand of 31,186 MW. This could mean an end to power blackouts such as the one experienced in July this year, when the entire western grid collapsed because of overdrawing of power by one of the States. The western power grid, comprising Maharashtra, Gujarat, Madhya Pradesh and Goa, has a peak-hour shortage of more than 5,000 MW. "We have completed the Raipur-Rourkela link one year ahead of schedule. The primary reason for stepping up the execution was to ensure fast completion of the national grid as the country may not see capacity additions over the next one or two years," Mr Singh told presspersons here today. The first phase of the national grid was commissioned by the Prime Minister on November 12. The corporation has planned projects worth Rs 71,000 crore in the 10th and 11th Five Year plans, of which Rs 51,000 crore will be invested through PGCIL's internal resources and the rest through private participation, Mr Singh said. The company has been appointed advisor-cum-consultant for 33 distribution circles in the country as per the Accelerated Power Development and Reforms Programme. "We are trying to form joint ventures with Chandigarh, Goa and Pondicherry in which we hold 26 per cent stake while the State holds 74 per cent. These joint ventures will serve as models in other States," Mr Singh said. PGCIL is awaiting clearance from the Public Investment Board for investing around Rs 180 crore in its joint venture with Tata Power.
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