Financial Daily from THE HINDU group of publications
Thursday, Nov 04, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Power


Massive investments needed to augment power capacity in Maharashtra

Our Bureau

Mumbai , Nov. 3

MAHARASHTRA will need investments close to Rs 50,000 crore for setting up the 8,000 MW additional generation capacity by 2009-10 to meet its power requirements, Mr R.V. Shahi, Union Secretary, Ministry of Power, said here on Wednesday.

Mr Shahi told reporters that the Union Government had held a review meeting with the State to discuss the power situation. "Maharashtra is working with The Environment Research Institute (TERI) to add about 1,000 MW every year till 2009-10 and is working out the proportion of capacity that will be added by the Centre, State and independent power producers," Mr Shahi said on the sidelines of an industry seminar. Maharashtra will have to reduce its transmission and distribution losses that are presently at 38 per cent of total generation, he added. India has produced 7.8 per cent more power in the first half of this year compared to last year's increase of 3.3 per cent.

In the first quarter this year, India recorded an average plant load factor or capacity utilisation of 72.5 per cent, which is 3 per cent higher than in the same period last year. In the calendar year 2004, the country will complete the financial closure of 11 power generation projects of 4,000 MW.

Over nine new projects are close to achieving financial closure, Mr Shahi said. A 14,000-MW capacity would have achieved financial closure this year compared to 7,000 MW in the last 10 years.

More Stories on : Power | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Bill on job guarantee likely in winter session


`Job reservation will not be imposed on pvt sector'
Dumping probe on sodium cyanide initiated
I&B Ministry to showcase progress of CMP
Central Excise customers' education programme in Mangalore
Nigerian President woos Indian investment
India-Turkey trade to touch $1 b this year
Wockhardt Hospitals releases patients' rights document
Paswan against drug price control provided consumers not hurt
Meet on magnetic resonance in Hyderabad
Keral Govt begins land acquisition for fast-track infrastructure projects
Cabinet approves formation of board for PSEs' revamp
Cabinet rejects death penalty for spurious drug makers
Drug affordability tops WHO panel's agenda
Competition will control drug prices: IDMA
Massive investments needed to augment power capacity in Maharashtra
CCEA revises cost of Tehri project phase-I
Economists urge debate on VAT issues
TN textile industry gets lion's share in TUFS
`Legislation for SSI soon'
Plea to AP SSI units
Finalise changes in WALT Act, YSR tells officials
Ingersoll Rand offers PG course on road technology
German grant for Hyderabad varsity
College infrastructure seminar in Mangalore
Study predicts upward rise in real estate prices
BrahMos anti-ship missile tested
Nasscom marketing drive
Rubber exports may decline



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

Copyright 2004, 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