Maithon Power generation up 7% at 7,172 MU in FY16

Maithon Power, a joint venture between Tata Power and DVC, has increased generation by 7 per cent at 7,172 million units (MUs) last financial year.
Maithon Power Ltd (MPL), a 74:26 JV of Tata Power and Damodar Valley Corporation (DVC), generated 6,684 MUs in 2014-15 fiscal, the company said in a statement today.
"Tata Power will ensure that it continues to add to the generation capacity of the power sector of India and prove to be a national asset to the country. We are extremely proud of this development and hope to achieve many more milestones," its ED and COO Ashok Sethi said.

"It is a significant achievement for us and has given much needed impetus to surge ahead and look for capacity addition by another 1,320 MW at the same plant. MPL will continue to be a competitive source of power and help meet states growing demand for electricity," ED and CEO of Maithon Power K Chandrashekhar said.
MPL is the first successful public-private partnership (PPP) in green field generation project in the country.
The plant has implemented 2x525 MW coal-fired power project power in Jharkhand, which had languished for more than a decade. The power project benefits close to 16 million domestic consumers apart from supplying cost competitive power to industry and agriculture.

The power project is located at Maithon, Jharkhand with a total capacity of 1,050 MW. In addition to supplying power to DVC, power from the project is being exported to power deficit northern and southern state.