Power News We love to talk!

SEP 13 2017

NTPC to phase out old plants at Talcher, Singrauli

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 13th SEP 2017

 

State-owned NTPC Ltd will look to phase out 1460 MW of old depreciated plants over time. One plant of 460 MW at Talcher (Odisha) and another of 1000 MW at Singrauli (Madhya Pradesh) will be retired.

According to K Biswal, Director (Finance), will be setting up two plants – of 1320 MW each – in both these places, that is, Talcher and Singrauli. The Talcher unit is expected to come up by 2021, while tenders have been floated for the Singrauli plant.

With approximately Rs. 7 crore being spent for setting up each MW of power, the investment across these projects are expected to be in the tune of Rs. 20,000 crore. “The Talcher unit will be built in two phases of 660 MW each. By 2021, it should be ready. In Singrauli, we have just floated the tender. We have the requisite land in both these places,” he told reporters on the sidelines of the ‘mjunction’ organised by the Indian Coal Markets Conference here.

Chhabra plant buy

NTPC, Biswal said, is planning to acquire the 1,000 megawatt (MW) Chhabra thermal power plant from the Rajasthan government. Two more units of 660 MW each will be transferred to NTPC after their completion. The four units of the Chhabra power plant, with a total capacity of 1000 MW, were commissioned between 2010 and 2014 at over Rs. 5,700 crore.

“We will be paying around Rs. 4,000 crore for the Chhabra unit at the depreciated book value subject to approval of the CRC. We will fund the acquisition through a mixture of debt and equity,” he said.

Tags

Rajasthan TOTAL Madhya Pradesh Odisha Singrauli NTPC Finance Coal NTPC Ltd Power Plant Power

Related News

  • UP power bids see rates shoot up to Rs 5.5 a unit  Read more
  • Centre sanctions coal linkage to SSTPS's 2nd phase  Read more
  • CIL chief hits out at critics of the firm  Read more
  • Power ministers conference: Piyush Goyal unhappy over 'absenteeism'  Read more
  • Swelect Energy unit to expand solar PV module capacity  Read more
  • IPDS to strengthen power transmission, distribution network  Read more
  • India to announce policy for competitive domestic solar equipment manufacturing  Read more
  • RIL shares slip after co agrees to invest Rs 40K cr with BP in new projects  Read more
  • Telangana's solar power generation capacity reaches 3,800 Megawatt  Read more
  • Reverse e-auction now mandatory for short-term power procurement  Read more