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Saturday, Aug 10, 2002

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CEA approves Panipat TPS expansion

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THE Central Electricity Authority (CEA) has accorded techno-economic clearance for the addition of two units of 250 MW each to the existing coal-based thermal power station at Panipat in Haryana. The power station belonging to the erstwhile Haryana State Electricity Board is now with Haryana Power Generation Corporation Ltd (HPGCL).

With the addition of 500 MW fresh capacity, the energy and peak power shortages in the State would be significantly reduced. The project is to be set up at an estimated completed cost of Rs 1,785 crore out of which the Haryana Government would contribute Rs 357 crore in the form of equity while the balance Rs 1,428 crore is proposed to be raised by HPGCL as term loan from Power Finance Corporation (PFC) with a repayment period of 10 years at an interest rate of 12 per cent per annum.

The techno-economic clearance accorded by CEA is subject to the condition that any cost implication arising from the stipulations of the Ministry of Environment and Forests shall be absorbed by HPGCL.

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