Rs350-CR IPS POWER PROJECT HITS ROADBLOCK

Article Abstract:

Permission has not yet been given by the Central Water Commission to draw water from the Cauvery river for the proposed Rs350 crore 110 mw naphtha-based combined cycle power plant being set up near Mysore by IPS Power Company. The company is also finding it difficult to conform to certain conditions laid down in the power purchase agreement prepared by the Karnataka Electricity Board. A condition laid down for foreign exchange adjustment on foreign debts has deprived the company of the benefits accruing from depreciation. Foreign exchange protection on the equity portion of depreciation has not been provided. (khr)

IPS Power Company

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AP TO GENERATE ADDITIONAL 8,268-MW POWER: NAIDU

Article Abstract:

According to the Chief Minister of Andhra Pradesh, Mr Chandrababu Naidu, the state is expected to add an additional power generation capacity of 8,268 mega watts (mw) during the Ninth Plan (1997-2002). Of this, around 1,305 mw will be generated by the state sector, 1,515 mw by the central sector, 560 mw through joint ventures and 4,888 mw by independent power producers. These projects will come up in 12 locations of the state. (gsh)

Comment:

India: Andhra Pradesh state is expected to add additional power generation capacity of 8,268 mega watts during 1997-2002

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JINDALS TO UP CAPTIVE POWER CAPACITY

Article Abstract:

The Jindal group is planning to increase the capacity of its 70 mw power plant at Raigarh. It had recently commissioned a new turbine and increased its capacity to 70 mw from 60 mw. The group has hived off the sponge iron division of Jindal Strips Ltd and the captive power plant at Raigarh into a separate company called Jindal Steel & Power Ltd. The group sells an average 25 mw to the Madhya Pradesh Electricity Board at present. (khr)

Comment:

Plans to increase the capacity of its 70 MW power plant at Raigarh

Jindal Group

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