Business Daily from THE HINDU group of publications
Tuesday, Sep 23, 2008
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Business Daily from THE HINDU group of publications Tuesday, Sep 23, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Power Corporate - Outlook Krishnapatnam power project’s land acquisition partially complete Rahul Wadke Mumbai, Sept. 22 Land acquisition process for Krishnapatnam Ultra Mega Power Project of Reliance Power is partially complete. The company has acquired 1,800 acres, which was earlier held by government and private owners. The land would be used for setting up main plant and other ancillary units. Company sources said that additional 600 acres is also being acquired, which would be used for creating ash pond and staff colony. The site office is functional and it is being led by a former executive director of NTPC. Private coal jettyReliance Power also has plans of setting up a private coal jetty in the vicinity of the plant, but it is still in a nascent stage. For shipping imported coal the company plans to invest over a $1-billion (Rs 4,000 crore) for acquiring 15 capesize vessels. The company is in talks with Korean and Chinese ship builders for acquiring vessels, sources said. It has also mandated some international brokers for purchase of vessels and getting the quotes of shipping yards from across the world, sources said. Capesize vessels are among the world’s biggest shipping vessels with capacity of up to 200,000 tonnes, and these ships are mostly used in handling deepwater terminals for raw materials such as iron ore and coal. The process of awarding Rs 7,000 crore contract for boiler turbine and generator for the plant is in a very advance stage, sources said. In November 2007, the Krishnapatnam project was awarded to Reliance Power at a levelised tariff of Rs 2.33 per unit. The coal requirement for the project is estimated to be 14 million tonnes per annum at 80 per cent plant load factor. Phase I of Krishnapatnam Port goes on stream More Stories on : Power | Outlook
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