DEEPER AND DARKER

Article Abstract:

West Bengal State Electricity Board (WBSEB), which has 40,000 employees, has total dues of Rs900 crore. CESC Ltd buys between 300 to 400 mw of power from it. CESC's 500 mw project in Budge is nearing completion. WBSEB has made CESC sign a deal under which CESC will continue to buy 1,550 million units a year. The state electricity board will lose Rs150 crore once CESC stops buying power. WBSEB is planning to set up a rural electrification corporation to take over transmission and distribution (T&D) of domestic and medium voltage rural segment. It is planning to bring all its coal-fired generating stations and Durgapur Projects Ltd under West Bengal Power Development Corporation to cut down on administrative and technical costs. It is planning to keep T&D of the high-tension load and operating of hydel stations at Jaldhaka (35 mw) and Rammam (50 mw) with it to achieve viability. It is planning to set up a Rs900 crore T&D network to utilise its surplus power and set up a 900 mw pump storage scheme at Purulia. It is also considering a joint venture with Northern Telecom of Canada for offering Internet service using its T&D network. (rk)

Comment:

Makes CESC sign deal under which CESC will continue to buy 1,550 mil units a year

Contracts & orders received, West Bengal State Electricity Board

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GUNA PROJECT HEADING FOR FINANCIAL CLOSURE

Article Abstract:

The duel-fuel 330 MW Guna power project in Madhya Pradesh is slated for financial closure once the escrow account is finalised. The $290 million project has been awarded to STI Power India (P) Ltd. Of the total cost, $87 million will be in the form of equity and $203 million in form of debt. Around 64 percent of the equity has been sourced from three firms in the US - MCN Energy Corporation, Illinov and Tenasca. The debt portion comprises $100 million line of credit from the Overseas Private Investment Corporation (OPIC) and $67 million from the French Exim Bank, COFACE. The remaining portion of the debt will be sourced from Industrial Finance Corporation of India (IFCI), State Bank of India (SBI), Bank of Baroda (BoB), Central Bank of India (CBI) and Punjab National Bank (PNB). The power purchase agreement for the project has been signed with the Madhya Pradesh Electricity Board. (gsh)

Comment:

India: Duel-fuel 330 MW Guna power project in Madhya Pradesh is slated for financial closure once escrow account is finalised

Facilities & equipment

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POWERFUL CONSUMERS

Article Abstract:

The power consumption by domestic segment is 48 percent in Kerala, 20.69 percent in Andhra Pradesh, 15.85 percent in Tamil Nadu and 17 percent in Karnataka. (rk)(psr)

Comment:

The power consumption by domestic segment is 48 percent in Kerala, 20.69 percent in Andhra Pradesh, 15.85 percent in Tamil Nadu and 17 percent in Karnataka.

Market information - general

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