Financial Daily from THE HINDU group of publications
Friday, Sep 02, 2005
Financial Daily from THE HINDU group of publications Friday, Sep 02, 2005 |
|
|
|
|
|
Corporate
-
Announcements Industry & Economy - Power Nagarjuna Power plant at Udupi to supply 100 MW to Kerala Our Bureau
Mangalore , Sept. 1 THE proposed 1,015-megawatt thermal plant of Nagarjuna Power Corporation Ltd at Padubidri in Udupi district will supply 100 MW to Kerala. Addressing newspersons here on Wednesday evening, Mr Praveer Sinha, Chief Executive Officer of Nagarjuna Power Corporation Ltd (NPCL), said that around 90 per cent of the power produced at the proposed plant would be utilised in Karnataka only.
A majority of this portion will be used in Dakshina Kannada and Udupi districts. Stating that a mega-project has to supply power to other States, he said the company would supply 100 MW to neighbouring Kerala. Mr Sinha said that public sector financial institutions are extending loans to the tune of Rs 2,250 crore to the Rs 4,299-crore project. The Power Finance Corporation is extending a loan of Rs 750 crore. The Rural Electrification Company, State Bank of India and Housing and Urban Development Corporation are extending loans of Rs 500 crore each. The thermal plant is likely to be operational by 2008. Mr Sinha said that there is diversity in coal supply to the plant, as it has signed 12-year contracts with three overseas companies for the import of coal. The company will use a captive jetty at New Mangalore Port for importing coal, Mr Sinha said. Coal, which will be imported to the port in `sealed' ships, will be transported to the power plant through railway wagons. There will not be any question of pollution while importing and transporting the coal, he added. Bharat Heavy Electricals Ltd will supply equipment to set up the plant in Udupi. Mr Sinha said that steps would be taken to use 100 per cent of fly ash by the end of ninth year of production. Around 20 per cent of fly ash will be used in the first year of production. He termed the power situation in Karnataka as the worst among the southern States. The demand-supply gap, which is 2,250 MW now, is expected to go up to 3,450 MW during 2006-07. By 2011-12, this gap will go up to 5,300 MW. The company would supply power at Rs 2.20 a unit in 2008, Mr Sinha added.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, 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
|