India to generate more power through modernisation

Feb 14, 2002 01:00 AM

Federal Power Minister Suresh Prabhu said that the country is prepared to generate 20,000 MW of power through renovation and modernisation (R&M) of existing plants during the 10th Plan period which is set to commence within the next few weeks.
"This (R&M) is the more economical route to generate power than setting up greenfield projects, so we have decided to focus on it in a big way to derive the objective of delivering power at cheapest possible rates," Prabhu said while addressing a conference.

The Minister said India will require 100,000 MW of additional power by 2012 to reach the goal of power on demand which entails an investment of about $ 160 bn, and of this 20,000 MW will come through R&M. "Even economics dictates that we concentrate on R&M. As against a cost of Rs 40 mm for developing one MW of new thermal capacity, R&M would cost only Rs 8 mm. This additional capacity can be achieved at just 20 to 30 % of the cost of equivalent new capacity," Prabhu said.

He said the federal government has decided to appoint National Thermal Power Corporation (NTPC) as designated single agency along with Bharat Heavy Electricals Limited (BHEL) to assist the states in chalking out plans for R&M.
The need for R&M and Life Extension gains even more importance in the current scenario when addition to new generation capacity is becoming highly constrained due to scarcity of funds on the one hand and the unwillingness of private promoters to set up greenfield projects on the other, Prabhu said.

Source: Asia Pulse
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