Haryana inks deals with Adani, PTC

Understanding the growing need of industry and agriculture, Haryana today entered into agreements with the private power producers for the purchase of 3,044 Mw power for 25 years.

The power distribution companies of the government of Haryana, Uttar Haryana Bijlee Vitran Nigam (UHBVNL) and Dakshin Haryana Bijlee Vitran Nigam (DHBVNL) signed power purchase agreements for procurement of 1,724 Mw of power for a period of 25 years.

The agreements were signed with M/s PTC & M/s Adani Power to purchase power at a levelised tariff of Rs 2.86/kwh to Rs 2.94/ kwh.

Haryana Power Generation Corporation (HPGCL) also signed Share Purchase Agreement with M/s CLP Power for procurement of 1,320 Mw power for 25 years. The CLP Power India (P) Ltd, the first ever independent power producer for Haryana, would set up a 2x660 Mw mega status super critical technology thermal power plant in Jhajjar district. All these agreements were signed in the presence of Chief Minister Bhupinder Singh Hooda, here today.

The chief minister described the signing of the agreements as a milestone in the direction of meeting the shortfall of 4,000-5,000 Mw of power likely to be faced by the State by 2012 had the business as usual continued.

Hooda said that tariff determination and bidders selection have been through the process of transparent competitive bidding.

Hooda said that the tariff under case-1 is fixed one except for increase in transmission charges which shall be applicable as per the decision of the Central Electricity Regulatory Commission. The tariff will be different for different years. M/s Adani Power shall be supplying 1,424 Mw power from its imported coal based power project being set up in Mundra (Gujarat) at a levelised tariff of Rs 2.94/ kwh at Haryana periphery. M/s Adanis shall be laying dedicated transmission lines from Gujrat to Haryana for supplying the contracted power and accordingly no additional or increased transmission charges shall be applicable.

The Power Trading Corporation (PTC), which is the leading power trading company in India, shall be supplying 300 Mw power at a levelised tariff of Rs 2.86/kwh from power project being set up at Kamalganga (Orissa) by GMR.

The chief minister said that M/s CLP Power India (P) Ltd, owned by China Light & Power, Hong Kong (CLP), a 100 year old company having stakes in generating plants of above 20,000 Mw in Hong Kong, Australia, China, India and other countries, would set up a thermal power plant of 2x660 Mw capacity with Mega Power Status. The process for acquisition of 1,114 acres situated in the villages of Khanpur Khurd, Khanpur, Wajidpur and Jharli of Jhajjar district has been completed with the notification under Sec 7 of the Land Acquisition Act, 1894, on July 31, 2008. The requisite notification under section 6 of the Land Acquisition Act for balance 107 acres, after considering objections of the stake holders, has also been issued on July 31, 2008. The cost for the acquisition of land would be payable by the selected bidder.

He said that the levelised tariff of Rs 2.996/ kwh (which works out to Rs. 2.82/ kwh on applying latest escalation indices notified by CERC and actual coal linkage) for the lowest bidders is comparable to the rates contracted by the other States in India.

The first Power Purchase Agreement was signed by Chairman, Adani Power, Gautam Adani, Director, Adani Power, RKMadan and CEO, Pradeep Mittal on behalf of Adani Power, whereas on behalf of Haryana Power Utilities, it was signed by Managing Director, Dakshin Haryana Bijli Vitran Nigam, Anurag Aggarwal, Managing Director, Uttar Haryana Bijli Vitran Nigam, Vijayendra Kumar and Chief Engineer, Haryana Power Purchase Centre, G.L.Gomber.

The Second Power Purchase Agreement was signed by Executive Director of Power Trading Corporation (PTC), Shashi Shekhar and Managing Director, Dakshin Haryana Bijli Vitran Nigam, Anurag Aggarwal, Managing Director, Uttar Haryana Bijli Vitran Nigam, Vijayendra Kumar and Chief Engineer, Haryana Power Purchase Centre, G.L.Gomber.

The Share Purchase Agreement was signed by Director, Strategy, China Light and Power, Holdings Ltd, Peter Greenwood, the Managing Director of China Light & Power, India, Rajiv Ranjan Mishra and Naveen Munjal, Managing Director, Haryana Power Generation Corporation, Sanjeev Kaushal and Chief of Operations, JCKinra and Director, Projects, SS Chauhan.

Others present on the occasion included Power Minister Mr Randeep Singh Surjewala, Parliamentary Secretary, Ram Kishan, Chief Secretary Dharamvir, Principal Secretary to Chief Minister, MLTayal, Financial Commissioner & Principal Secretary Power Ashok Lavasa, Chairman Haryana Power Utilities Lt. Gen. (Retd.) O S Lohchab, and Managing Directors of all Power Utilities.