Andhra picks Meenakshi Power, Simhapuri for imported coal-based power proj

As the project is to be based entirely on imported coal, there is a risk if latter's prices change

As the central government mulls allowing pass through of fuel cost for the imported coal-based power projects, Andhra Pradesh has gone ahead to tender the project but with a cap on the fuel cost to safeguard consumers from fluctuating global coal prices.

In a recent bidding for a 1000 Mw imported coal-based power project with 100 per cent imported coal, the state received winning bids from Meenakshi Power and Simhapuri Energy at the rate of Rs 4.5 per unit for 600 Mw. Simhapuri would be building a 400 Mw power plant, while Meenakshi will build a 200 Mw plant.

Officials