NTPC to set up 4,000 Mw project in Vizag

Image
BS Reporter Chennai/ Hyderabad
Last Updated : Jan 20 2013 | 7:32 PM IST

National Thermal Power Corporation (NTPC) Limited will be setting up a 4,000-Mw power project at Pudimadaka in Anakapally mandal of Visakhapatnam district at an approximate cost of Rs 23,000 crore. A file clearing the same was signed by chief minister N Kiran Kumar Reddy here on Sunday.

In November 2010, the state government had conveyed its willingness for the implementation of the 4,000-Mw project by NTPC, subject to the condition that at least 50 per cent of the power produced from the project will, for all times, be allocated to the state.

Further, the state government said it would facilitate necessary clearances required for the project and provide the requisite land and water. In response, NTPC, in December 2010, sent a draft power purchase agreements (PPAs) to be entered between NTPC and the AP discoms. “The PPAs between NTPC and the discoms will be done shortly,” principal secretary (energy) Suthirtha Bhattacharya stated in a press release today.

“This is another critical step taken by the state government to promote power generation, which will help have access to power, matching to the ever-increasing needs in the state,” the chief minister said. Reddy also directed the APGenco to complete its projects on schedule so that power supply in the state could be improved to a large extent.

Kakatiya thermal project
Expressing satisfaction on the timely commissioning of Phase-I of Kakatiya thermal power project in Warangal district, the chief minister directed the energy officials to go ahead with Phase-II of the project even more vigorously.

“The state government will fully support Stage-II of the project — a boon for the Telangana region — which is being taken up at an estimated cost of Rs 3,466 crore,” he added.

Reddy told the officials that “as per your own estimates, the power demand would touch 2 78 million units (mu), a record in the history of the state power sector. We cannot ignore the unprecedented demand for every rabi season, which is increasing abnormally year after year.”

The chief minister said around 3 million agricultural families were benefiting from the free power programmes in the state and the total power subsidy on free connections was around Rs 5,000 crore for the year 2010-11.

“The cumulative subsidy given since 2004-05 is Rs 29,303 crore. It is pertinent to note that the government had waived Rs 1,250 crore towards pending power bills for agricultural pump sets immediately after coming to power in 2004,” Reddy said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 03 2011 | 12:15 AM IST

Next Story