NTPC signs PPA with PSPCL for Gidderbaha(in Punjab) thermal project
The National Thermal Power CorporationLimited (NTPC), a Public Sector Undertaking pioneer in thermal power generation in India, today signed a power purchase agreement (PPA) with Punjab State Power Corporation Limited for 2,640 MW coal based thermal power project at Gidderbaha being established by it at the cost of Rs 15,000 crore.
The agreement was signed by Mr M K V Rao, Executed Director (Commercial) of NTPC and Mr Arun K Verma, Director Distribution of Powercom (PSPCL) in the presence of Chairman Powercom Mr K D Chaudhary here.
With this, the dream of Punjab Deputy Chief Minister Sukhbir Singh Badal to make the state Power surplus came a step closer to fructification. It may be added that Chief Minister Parkash Singh Badal and the Deputy Chief Minister had been making consistent efforts to get central sector investment in Punjab and it was after 40 years that Punjab had been able to get such a huge Public Sector investment.
With the setting up of Gidderbaha Thermal Plant by NTPC, the work on five mega thermal plants at Talwandi Sabo, Goindwal, Rajpura, Mansa and Giddarbaha with combined generation capacity of 10,590 MW is coming up with combined investment of Rs 52,800 crore.
Besides this Punjab would get 2,272 MW share in investment made by the state in ultra mega thermal plants set up outside it.
The Punjab Government has been able to secure from the central government 1,966 MW from the central share in the new plants under construction out of which 200 MW would be from nuclearplants.
More over one 1,000 MW gas based power project is being setup at Ropar. The state government is also proposing additional 500 MW from GNDTP Bathinda extension and another 500 from GHTP Lehra Mohabat extension stage-III.
On the Hydro Power front the state is all set to get 168 MW Shahpur Kandi Hydro, 75 MW from UPDC stage-III, Mukerian hydel Stage II. In addition 500 MW power would be produced from 32 bio mass power plants.
It is noteworthy that this will be the biggest thermal power project in Punjab which will help in developing ancillary industries and provide employment to thousands of people.
National Thermal Power Corporation (NTPC) is the premier power generating company in India having expertise and strength 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 Government of India.
The Punjab government agreed to facilitate the acquisition of land, allocation of water and conveyed in-principle clearance for about 2,316 acres of land and 125 cusecs of water.
It has already issued notification under section 4 of Land Acquisition Act for 2,316 acres of the land for the project.
The plant consists of 4 units of 660 MW each which would be entirely funded by NTPC. At least 50 per cent of the power from the plant will be allocated to Punjab.
NTPC has sought long term coal linkage from Ministry of Coal.
The Punjab Government will extend co-operation in obtaining the coal linkage for the project.
Punjab State Power Corporation Limited shall enter into a Power Purchase Agreement with NTPC for purchase of power allocated from the proposed project. The Tariff for sale of power shall be as determined by Central Electricity Regulatory Commission(CERC).
Source – UNI