Sunday, August 22, 2010

Planning and Execution....STERLITE ENERGY’S FIRST UNIT OF 2,400-MW PLANT GOES ON STREAM .......


DILLIP SATAPATHY Bhubaneswar, 21 August

Sterlite Energy (SEL), apart of Vedanta Resources plc, today commissioned its first unit of 4 X 600mega watt (Mw) Jharsuguda thermal power plant in Orissa.
The other three units of the
`10,500-crore power project are likely to be commissioned over the next one year, at an interval of three months each. State Chief Minister Naveen Patnaik today dedicated the first unit of the plant to the nation.
“Add this to the 1,215 (9 X 135 Mw) captive power plant (CPP) set up by Vedanta Aluminium, also at the same location, to feed energy to the company’s smelter plant, the Jharsuguda complex will be largest single location power station in the country with a combined capacity of 3,600 Mw,” said Pramod Suri, chief executive officer of SEL.
“We are also the first IPP (independent power producer) among the 27 IPPs, who have signed MoUs (memoranda of understanding) with the Orissa government for power plants, with a combined envisaged capacity of 32,000 Mw at an investment of `1,60,000 crore, to go on stream in record time.” According to SEL’s agreement with the Orissa government, the generation from the first unit of its Jharsuguda plant will be supplied to the state grid. The company, however, is free to sell power from the rest units in open market.
As on today, Orissa had a peak hour deficit of 400 Mw and the SEL project would go along way in meeting this deficit, said state energy minister Atanu Sabyasachi Nayak.
After meeting the state’s need, SEL intends to sell power from its Jharsuguda IPP through open access system. “We intend to sell power on merchant basis and have not entered into any PPA (power purchase agreement) with any state utility,” Suri said. For evacuation of power, the company has entered into a bulk power transmission agreement (BPTA) with Power Grid Corporation of India (PGCIL). BS REPORTER New Delhi, 21 August
Environment Minister Jairam Ramesh will announce the ministry’s decision on Orissa Mining Corporation’s application for bauxite mining in Niyamgiri early next week. The minister was expected to announce the decision on Sunday but the announcement has been postponed because Ramesh is visiting Hardwar. “The members of the Bhagirathi Bachao Sankalp were compelling him to visit the place and he maybe going to Loharinag Pala too,” said an environment ministry official.
The Forest Advisory Committee (FAC) met yesterday to discuss the recommendations of the N C Saxena panel report that sought a ban on the mining projects of UK-based Vedanta Resources in Orissa. the report is believed to have been accepted by the government.
“The decision on Vedanta will happen soon,” said Ramesh.
However, another official said though the decision had been taken, a formality remains, as a representative of the Orissa government is coming to the capital while the decision is taken. “The decision will happen on Tuesday and it should not look as if it was a unilateral stance,” said the official.
The other three units may be commissioned over the next year.

My Comments:
That is what I have been emphasizing for so long........Strelite Energy has already commisioned 2400 MW plant and has gone onstream.....
India needs more such Power Plnats executed in time..which helps running overcost.......Kudos to Anil Agarwal....It is not only Mukesh Ambani who can do it....we have Anil Agarwal coming in the same category....and see, that is the reason why he is so successful...........
I still will write, India needs Industrialist who completes their plan well in time.......and if that happens there can be no looking back for India......

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