Punjab Ropes in NTPC in Rs 15K crore Power Project
Chandigarh: The Punjab government on Thursday signed a memorandum of understanding with National Thermal Power Corporation to establish 2,640-mw coal-based thermal power project at Gidderbaha at a cost of about Rs 15,000 crore.
This will be the biggest thermal power project in Punjab which will help develop ancillary industries and provide employment to thousands. Punjab CM Parkash Singh Badal had been making consistent efforts to get central sector investment in Punjab and it is after 40 years that it has been able to get such a huge public sector investment. NTPC is the premier power generating company in India having expertise in areas such as setting up operation and maintenance of power projects and sale of power. NTPC has developed comprehensive in house expertise in various facets of power generation from concept to commissioning, efficient operation in accordance with Power Policies of the Centre.
Punjab has agreed to facilitate acquisition of land, allocation of water and conveyed in-principle clearance for about 2,316 acre and 125 cusec of water. Punjab has already issued notification under section 4 of Land Acquisition Act for 2,316 acre for the project. The plant consist of 4 units of 660 mw each which will be funded by NTPC.
At least 50% of the power generated from the plant would be allocated to Punjab. Punjab State Power Corporation would provide to NTPC all the reports for the specific studies and investigations for preparation of feasibility report. The cost incurred on all such reports would be reimbursed by NTPC.
Source – Financial Express