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Rahul Wadke

Mumbai, June 2 The financial closure of the Krishnapatnam ultra mega power project of Reliance Power Ltd would be achieved in the coming three months, said a senior company official on the condition anonymity.

The 4,000 MW coal fired project is located near Krishnapatnam in Andhra Pradesh. It is approximately 3 km from the nearest port where imported coal would be delivered to supply fuel for the project. The project would have five units of 800 MW each.

Lenders to the Rs 20,000-crore project, led by IDBI, have to commence due diligence for the project. Awarding contracts for boiler, turbine and generators would be completed in two months. These critical components component constitute 50 per cent of the project cost.

Officials said that engineering majors such as BHEL, Doosan and L&T Ltd would be bidding for the contracts. These companies have submitted technical offers; commercial offers are yet to be negotiated. The EPC for the project would be undertaken by the group company Reliance Infrastructure Ltd.

Total land requirement for the project is 2,625 acres. The company has been able to purchase about 65 per cent of the land required for the project. The Andhra Pradesh Government is in the process of acquiring the remaining land for it.

Officials said that according to the schedule the first unit of the Krishnapatnam project is to be online by September 2013, but Reliance Power is making efforts to advance the commissioning of the unit by mid-2012.

The coal requirement for the project is estimated to be 14 million tonnes per annum at 80 per cent plant load factor. Fly ash from the plant would be utilised for the upcoming cement plants of the group. A portion of ash would also be offered to cement manufactures in Visakhapatnam area, officials said.

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