Business Daily from THE HINDU group of publications
Saturday, Sep 15, 2007
ePaper
Business Daily from THE HINDU group of publications Saturday, Sep 15, 2007 ePaper |
|
|
|
|
|
|
|
Industry & Economy
-
Power Corporate - Alliances & Joint Ventures States - Kerala KSEB inks pact with NTPC Our Bureau Thiruvananthapuram, Sept. 14 The Kerala State Electricity Board (KSEB) has signed a power purchase agreement with the National Thermal Power Corporation (NTPC) for power from the second phase of Simhadri project in Andhra Pradesh. NTPC is setting up two units of 500 megawatts each at Simhadri as the second phase. While the first phase project had been established exclusively to cater to Andhra Pradesh, the power from the second phase is proposed to be supplied to the States in the south as also to the Union Territory of Pondicherry. Kerala has asked for an allocation of 200 megawatts from the project. The Electricity Minister, Mr A.K. Balan, said that as per the Mega Power Policy of the Centre, projects with a capacity of 1,000 megawatts and more would be considered as mega projects. Such projects have been excluded from paying excise duty, customs duty and income tax and consequently, the price of the power generated by them will cost less. Estimated costSince the Simhadri project is coal-based and is also eligible for concessions under the policy, the power purchased from there is estimated to cost around Rs 2.50 per unit. The Minister said that the Mega Power Policy contained the provision that power supply in cities and towns with population of more than 10 lakh should be privatised. But, the State had informed the Centre and NTPC that such a condition was not acceptable to it, he added. More Stories on : Power | Alliances & Joint Ventures | Kerala
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|