Financial Daily from THE HINDU group of publications
Thursday, Apr 08, 2004
Industry & Economy - Power
NTPC to expedite work on Ramagundam unit
Hyderabad , April 7
NATIONAL Thermal Power Corporation Ltd has announced plans to complete the Rs 1,979-crore, seventh unit of 500 MW at the Ramagundam superthermal power plant by this fiscal-end, few months ahead of its schedule.
It is also seeking to expedite work on new projects in Ennore, taken up through a joint venture with the Tamil Nadu Government, and yet another major project of 1950 MW at Kayamkulam.
The Executive Director of NTPC for the Southern Region, Mr S.V. Moorthy, said, "The Southern region achieved 100 per cent realisations and our strategies to deal with the issue of recoveries have yielded positive results. This has lead to a situation where we do not have any outstanding with State utilities. This has enthused us to look at new projects more aggressively."
Addressing a press conference here on Tuesday, Mr Moorthy said the Southern region realised Rs 4,738 crore against a billing of Rs 4,285 crore, including liquidation of arrears.
With the letters of credit opened, the situation has changed.
Having 19.24 per cent share of the total installed capacity in the country, NTPC contributes 26.7 per cent of electricity generated.
This reflected an all-time high of 149.17 billion units, registering an increase of 5.9 per cent over the previous year.
Of this, the South generated 26,172 million units at a plant load factor of 86.23 per cent.
Kayamkulam expansion to cut costs of naphtha project
The Rs 7,584-crore 1950-MW expansion project at Kayamkulam would play a big role in bringing down the cost of the existing 350-MW naphtha-based power project, which generates power at about Rs 3.03 per unit and is costlier compared to either coal-based or hydel projects.
"The naphtha project was conceived when the cost of naphtha was about Rs 6,000 per tonne, and this has gone up substantially to Rs 21,000 per tonne. If we complete the expansion project, we will be able to bring down the cost substantially. However, with several other arrangements yet to be made, we cannot comment on the price," Mr Moorthy said.
"We are evaluating various options for natural gas supply. This could either be imported or we could even procure it from the Krishna-Godavari basin. There are indications to show that we would be able to secure gas from the new gas find in the KG region. As per proposed schedule, the Kayamkulam expansion project, the first unit of 650 MW is likely to be completed by July 2008, the second by January 2009 and the third by July 2009," he said.
With regard to the 1,000-MW Ennore project, we have completed the joint venture with the Tamil Nadu Electricity Board and the preliminary studies for feasibility have also been concluded.
This project would be taken up in the XII Plan.
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