Karnataka signs three PPAs for 1,008 MWs with NTPC and NLC

Thursday, 06 January 2011 06:32 Harikumar B
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Energy minister Shobha KarandlajeIn a bid to improve power supply, the Karnataka Government signed three power purchase agreements (PPAs), including one for green power generated from solid waste.Through the PPAs, the State will able to add 1,008 MW. It will take around four years for the projects to be commissioned.Chief Minister B S Yeddyurappa and Energy Minister Shobha Karandlaje signed the PPAs with National Thermal Power Corporation (NTPC), Neyveli Lignite Corporation (NLC) and Srinivasa Gayathri Resource Recovery Limited (SGRRL).

As per the agreement, Karnataka will get 600 MW from NTPC, 400 MW from NLC. The State will get 8 MW from SGRRL, which will be generated from urban municipal waste-based power project.

Yeddyurappa said NTPC, which is setting up a 4,000-MW plant in Andhra Pradesh, will allocate 600 MW for Karnataka. He said NLC, after the commissioning of its 1,980-MW plant in Tamil Nadu, will give 400 MW. The Chief Minister said the waste-to-power project in the State was the only such initiative in the country that has got a subsidy from the Central Government. The cost of the plant is `80 crore. Ministry of New and Renewable Energy will provide `10 crore as subsidy.

Energy Minister Karandlaje emphasised that the State Government is working towards making Karnataka self-sufficient by 2014. "The State Power Corporation has planned 9,000 MW of new projects that call for an investment of `35,000 crore and will be commissioned by 2014-15," she said.

On the occasion, the Chief Minister revealed that energy demand had soared to an unprecedented high on December 30, 2010. On the day, he said, the demand soared to 7,634 MW while the consumption was 155.85 million unit.

Source- Indian Express