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Anil Sasi

New Delhi, July 31 The promoters of the first couple of the Ultra Mega Power Projects (UMPPs) have put their projects on fast track and hope to commission at least one unit each way before the end of the current Plan period.

The delays in awards notwithstanding, the stepping up in execution schedule by both promoters comes in the wake of pressure from the Government to commission the first set of units from both projects within the Eleventh Plan itself.

Tata Power has significantly advanced the commissioning of its 4,000-MW Mundra UMPP, with the commissioning of the first 800 MW unit being advanced by over seven months to February 2011, according to official sources.

Reliance Power, which is promoting the Sasan project, has committed the Government to advance the commissioning of its first unit by nearly 16 months to December 2011, as against May 2013 as per the Power Purchase Agreement. The second unit will come after three months in March 2012, sources said.

With the prospect of early commissioning in case of both projects, work on the respective power transmission system for evacuation of power from the projects is being expedited by Power Grid Corporation of India Ltd and Western Grid constituents are close to working out a cost-sharing model.

Tata Power had achieved financial closure for the Mundra project during April 2008, which is coming up at Mundra in Gujarat and is owned by its subsidiary Coastal Gujarat Power Ltd.

The cost of the project is estimated at Rs 17,000 crore. The entire project is slated to take off by March 2013.

Reliance Power had committed to the Centre to advance the commissioning schedule of Sasan UMPP by three years.

The project, with captive coal mines, was scheduled to be commissioned between May 2013 and April 2016 as per the power purchase agreement.

Reliance Power is likely to achieve financial closure for the Sasan project by October 2008.

More Stories on : Power | Infrastructure | Tata Power Co. Ltd

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