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Sunday, Jun 28, 2009
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Business Daily from THE HINDU group of publications Sunday, Jun 28, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Power Corporate - Mergers & Acquisitions
Due diligence on for taking over 840MW Jharkhand SEB station Assignment from Madhya Pradesh for technical support under discussion Earlier taken over and turned around Unchahar, Talcher, Tanda stations from various SEBs Anil Sasi New Delhi, June 27 NTPC Ltd is betting on revenue streams from technical support assignments for State Electricity Boards (SEBs) to improve the operational efficiency of their thermal power stations, given the ongoing power shortages. The company is also actively eying opportunities for taking over sub-optimally performing SEB plants. NTPC is set to offer technical support to Madhya Pradesh Power Generating Company Ltd (MPPGCL) to improve the plant load factor (PLF) at three of the latter’s thermal stations. The country’s biggest power generator is also in advanced stages of taking over an ailing 840-MW plant run by the Jharkhand State Electricity Board (JSEB) and is eyeing similar opportunities with other State utilities as well, according to senior company officials. Land hurdlesThe move comes in the backdrop of the difficulties utilities face in the execution of large infrastructure projects due to land acquisition hurdles, compounded by a general funds crunch. NTPC, which is known for its turnaround skills, is in advanced stages of due diligence for buying out the JSEB’s Patratu thermal station, officials said. The plan, in this case, is to capitalise on the vacant land at the location to set up at least six super-critical thermal units. According to NTPC officials, the utility is open to other such takeover options that come in the course of a technical support exercise that it has launched with the SEBs. “We are open to taking up technical support assignments… If the SEBs are willing, we would be keen to look at the possibility of taking over plants that are not performing well,” the NTPC official said. NTPC has, in the past, played a key role in turning around sub-optimally performing stations run by other utilities, including the Badarpur, Unchahar, Talcher and Tanda stations. Following NTPC’s turnaround of the 705-MW Badarpur station, the PLF of the plant improved from 31.94 per cent at the time of the takeover in 1978 to 86.46 per cent in 2007-08. The 440-MW Tanda station in Uttar Pradesh, after being taken over by NTPC in January 2000, showed an improvement of its PLF from 21.59 per cent to 91.66 per cent for 2007-08. NTPC to ink gas deal with Reliance soon NTPC burns more coal to produce electricity NTPC moves up the ladder on efficiency More Stories on : Power | Mergers & Acquisitions | NTPC Ltd | Regulatory Bodies & Rulings
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