The Hindu Business Line : PTC in evacuation deal with Videocon power project

New Delhi June 26 Power trading major PTC India Ltd is set to evacuate power from Videocon group firm Goa Energy Pvt Ltd's 30-MW project based on industrial waste heat recovery from Sesa Goa's coke oven plant in Goa.

This is the first such long-term agreement for evacuation of power generated from an industrial waste project and could encourage more such projects on a commercial scale.

PTC would evacuate power for 25 years from the Rs 130-crore project, which is entitled to carbon credits under the Kyoto Protocol and kicked off commercial operations from June 1.

"There is tremendous scope for such projects. The success of this transaction augers well for the development of the power market in the country and coming up of similar projects on a commercial basis," PTC's Chairman and Managing Director, Mr T.N. Thakur, told Business Line.

The project, set up at Navelim in north Goa, will use heat available in waste gases generated during operations of Sesa Goa's coke oven facilities and pig iron facilities to produce the superheated steam capable of generating 30 MW power.

The project activity is a climate change initiative taken by Sesa Goa under the Kyoto Protocol of the United Nations Framework Convention on Climate Change, which was ratified by the Centre in August 2002.

The power plant project comes under a certified greenhouse gases abatement model through effective utilisation of waste heat of process flue gases to produce electrical energy and contribute to sustainable development.

Waste heat is broadly defined as heat generated in a process through fuel combustion or chemical reaction, and then "dumped" into the environment even though it could still be reused.

Projects, like the one set up by Goa Energy, aim at reusing the waste heat to produce power on a commercial basis, thereby earning money through sale of power, besides raking in CDM revenues as a bonus.

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