Financial Daily from THE HINDU group of publications
Thursday, Jun 08, 2006
Industry & Economy
States - Maharashtra
Power cos to invest Rs 60,000 cr in 5 yrs
Projects are in process at Paral, Tarapur, Ghatghar, Paras and Vindhyachal along with Dabhol to generate 2000 MW power by December.
Mumbai , June 7
The Maharashtra's Energy Minister, Mr Dilip Valse-Patil, said three power companies - Maha Genco, Maha Transco and Maha Vitaran - will invest around Rs 60,000 crore during the next five years in the power sector.
The total cost for the working of all the three companies in the next five years has been estimated at Rs 58,991 crore.
Effective plans and measures were being carried out by the three companies to generate more power and load management. The process can be completed only in a certain time period, Mr Patil said at a press conference organised on the three companies' first anniversary.
Mr Sanjay Bhatia, Managing Director, Maha Vitaran, said that major initiatives had been taken in load management where schemes like Akshya Prakash Yojna, villagers practising load-shedding on their own, single-phasing and Gaothan feeder have helped a large number of villages in Maharashtra.
Also, there are plans to improve weak infrastructure by spending Rs 5,000 crore in the next three years. In this regard, the company will take loans from Power Finance Corporation and Rural Electricity Corporation.
Projects in process
Projects are in process at Paral, Tarapur, Ghatghar, Paras and Vindhyachal along with Dabhol to generate 2000 MW power by December this year. The representatives informed that necessary arrangements for land, water, fuel, capital and environmental clearance.
The Centre recently allotted a coal mine in Macchakatta in Orissa jointly to Maharashtra and Gujarat on a 60:40 ratio for the next thirty years while the State has estimated it to suffice for generating 2500 MW.
Stories in this Section
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 © 2006, 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