The Expenditure Finance Committee (EFC) has given the green signal to NEEPCO's Rs 297 crore investment proposal for its 46 MW Agartala gas turbine plant- combined cycle extension project.
The plant will consist of two units of 23 MW each which are expected to be commissioned within a period of 26 months (unit-I) and 30 months (unit-II). NEEPCO envisages the funds to be disbursed over a period of three years--Rs.64.614 crore in the first year, Rs.192.638 crore in the second and Rs.39.621 crore in the third year.
Of the total fund requirement of Rs 296.872 crore, 89.062 crore will come form equity, and the remaining 207.811 crore from debt sources. With the addition of the extension plant, the tariff of the entire Agartala project will come down from Rs 3.13 per unit to Rs 2.64 per unit. The extension unit alone will have a tariff of Rs 2.10 per unit of electricity.
Both, the Planning Commission as well as the Finance Ministry have found the project proposal to be very attractive. All that now remains is for the funds to be disbursed.
It may be noted that NEEPCO has set up the 4x21 MW Agartala Gas Turbine Plant (AGTP) at Ramchandranagar, Tripura (West). The existing plants set up consists of four Gas Turbines of 21 MW each that run on an open cycle mode and operate on natural gas supplied by GAIL. This existing 84 MW power plant has now been proposed to be converted into a combined cycle power project by installing two (23 MW) steam turbine units.
Wind Power |
News published on 17 / 05 / 2012 by Bharat Vasandani