Financial Daily from THE HINDU group of publications
Saturday, Sep 20, 2003
Financial Daily from THE HINDU group of publications Saturday, Sep 20, 2003 |
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Corporate
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Environment Tata Power plans to set up more greenfield projects Archana Chaudhary
Mumbai , Sept. 19 TATA Power has written to the Maharashtra Government seeking environmental clearances for converting two of its Trombay units from combined-cycle to coal-fired ones. It has also made a detailed proposal for executing two greenfield power projects to add 1,500 MW thermal capacity in Maharashtra. This assumes significance as it comes close on the heels of rival, Reliance Energy Ltd's presentation to the State Government earlier this month, detailing its plans to set up a 3,000 MW greenfield power plant in Nagothane. According to a senior analyst, the move points to the building competition in the sector which may have forced a sense of urgency in promoting faster decisions for executing investment plans. Although the company had announced at its annual general meeting that it would go in for greenfield capacity expansions over the next five years, it had said it would add 500 MW thermal capacity either at Vile Bhagad in Raigad district or Chandrapur district. The detailed letter submitted on September 18 says that the company is looking at setting up units at both the locations. Tata Power has submitted a proposal for setting up a 500 MW plant at Vile and 1,000 MW in Chandrapur. The latter will be completed in two phases of 500 MW each. In addition, it has sought environmental clearance from the State Government for converting Trombay Unit 4 (150 MW) and Unit 6 (500 MW) from naphtha to coal. It also plans to use low-sulphur coal to ensure that emissions are within "permissible limits". The company has sought clearance to set up a multi-fuel jetty at Trombay to facilitate coal imports for the units. Besides, Tata Power has approached the State Government with a proposal to sell power to the proposed Navi Mumbai SEZ, sources said.
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