Madhucon bags 300-Mw project in Indonesia

Hyderabad-based infrastructure development company Madhucon Projects Limited (MPL) had won a tender for a mine-mouth, coal-fired steam power plant of 300 Mw (2X 150Mw) near its existing coal mine at Dawas village in South Sumatra, Indonesia.

The total project cost is around $ 410 million (Rs 2,050 crore), MPL, a roads-to-townships company, stated in a press release here on Tuesday.

PT Madhucon Sriwijaya Power, a special purpose vehicle ( SPV) set up to take up the project, entered into a power purchase agreement (PPA) with Indonesian government electricity body PTPLN (Persero) to generate and supply 300 Mw gross capacity of power for 25 years.

PT Madhucon Indonesia, a coal subsidiary of MPL, is having three coal mines in Indonesia, with an estimated reserves of 1,500 million tonne. The company stated that forest clearance for the road and jetty construction in Dawas mine had been received and it was hopeful of commencing the coal production by June 2012.

Another subsidiary of Madhucon, Simhamhapuri Energy Private Limited, is also executing a 1,920-Mw coal-fired power project near Nellore in Andhra Pradesh involving an investment of around Rs 11,000 crore. Phase-I of the project, comprising a 300-Mw power plant, started commercial operation this month.