Jharkhand plans 5,000MW power project on PPP model
Posted Jan 07 2009 4:31pm
Ranchi: Faced with severe power shortage and lack of infrastructure to exploit available resources, the Jharkhand State Electricity Board (JSEB) has recently proposed setting up three power plants to generate about 5,000 MW power to meet the growing energy requirements of the mineral rich state.
The JSEB is the latest entrant in the race for power reform in the state looking for a joint venture for the purpose. Earlier Bharat Heavy Electricals (Bhel) and the Steel Authority of India (Sail) have announced their Joint ventures in the power sector in the state.
Bhel and Sail have recently entered into agreements with the Heavy Engineering Corporation (HEC), Ranchi and the National Thermal Power Corporation (NTPC), respectively, to produce electrical equipments and help generate power for their plants.
Apparently driven by the public sector giants to have strategic partnership with Jharkhand based companies, JSEB is now working on the possibility of setting up power plants on private-public-partnership (PPP) basis.
JSEB Chairman HB Lal said that modalities for the tie-up were being worked out in consultation with the state government.
"Once it is cleared, we will try rope in experienced firms for setting up Greenfield project for JSEB. The proposal includes a new plant of 2,000 MW at Patratu Thermal Power Station (PTPS) in Ramgarh district, another 1,000 MW plant in the same district and a third of 2,000 MW plant in Dumka," the Chairman added.
The upcoming plants are likely to cost JSEB around Rs 2,500 crore. And for such huge investments, the JSEB is relying on PPP to fund the project. The JSEB has already been granted coal block by the state government in Latehar district for its future projects.
Expecting good response to its proposed PPP venture, the JSEB has started identifying the technical staff within the organisation to be inducted in the new venture.