Maharashtra, striving to become a load shedding-free state by the end of this year, has initiated a move to hand over to private operator some of the projects of Maharashtra State Power Generation Company (MahaGenco) functioning at below 60 per cent plant load factor (PLF).
Incidentally, 20 parties, including Tata Power, Jindal, Sterlite and BGR, have so far submitted expressions of interest to MahaGenco to undertake the operations of three units with total generation capacity of 610 Mw at Koradi near Nagpur and two units of 210 Mw at Bhusawal in north Maharashtra.
A MahaGenco official told Business Standard, “We will examine the expressions of interest received by us in due course. The idea is to improve the functioning of these units, especially the increase in PLF. However, various models are being currently looked at, in which the operator would share the profits with MahaGenco or pay some premium annually. The power purchase agreement with the state-run MahaVitaran will remain the same." The official said MahaGenco was yet to decide on the time for handing over the project to private operator. "After holding discussions with 20 parties who have submitted expressions of interest, MahaGenco will later issue request for proposal."
Currently, MahaGenoc has an installed capacity of 10,991 Mw, comprising 7,795 Mw of coal, 2,344 Mw of hydro and 852 Mw of gas. Recently, it had commissioned 500 Mw at Kharparkheda, while two units of 500 Mw each at Bhusawal would be commissioned soon. Besides, it had proposed a capacity addition of 9,250 Mw during 12th plan. The company proposes to increase the installed capacity to 28,407 by the end of 2018-19. According to the official, the plant load factor of MahaGenco's plants were 70-80 per cent.
State energy minister Ajit Pawar, during his reply to debate on energy department's proposal in annual budget for 2012-13, said a build-operate -transfer model would help increase the efficiency of MahaGenco's plants.