Financial Daily from THE HINDU group of publications
Thursday, Apr 20, 2006
Financial Daily from THE HINDU group of publications Thursday, Apr 20, 2006 |
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Industry & Economy
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Power States - Maharashtra MIDC ties up with Reliance Energy Our Bureau
Power requirements The two plants have been envisaged to overcome the severe power shortage in Maharashtra and to give sustained uninterrupted power to the industrial consumers.
Mumbai , April 19 The Maharashtra Industrial Development Corporation (MIDC) on Tuesday signed an MoU with Reliance Energy Ltd for setting up two captive power plants in Thane and Nagpur. REL is setting up a 165-MW gas fired plant at the Thane-Belapur industrial area and a 130-MW coal fired plant at Butibori industrial area near Nagpur. The cost of setting up the two plants would be to the tune of Rs 1,000 crore. The two plants have been envisaged to overcome the severe power shortage in Maharashtra and to give sustained uninterrupted power to the industrial consumers. The Thane plant will cater to 566 industrial consumers and Butibori to 194. REL, selected as implementing agency through competitive for both the projects, will incorporate two special purpose vehicles along with industrial consumers to execute the projects. Addressing the media, Mr J.P. Chalasani, Director (Business Development), REL, said the Butibori plant would be set up in three years and the Thane-Belapur plant in two and half years. Natural gas for the Thane-Belapur plant would be made available either through the upcoming GAIL or through the NTPC pipeline. Mr V.K. Jairath, Secretary, Industries, Maharashtra Government, said it was for the first time that a state infrastructure development corporation had joined hands with a power company in a public-private partnership.
More Stories on : Power | Maharashtra | Reliance Energy Ltd
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