NTPC officials who visited Chandigarh signed the memorandum with Punjab Government and Powercom officials. Punjab share from the project will be 52 percent NTPC will be supplying balance power to any other state as per Government of India‘s guidelines. NTPC will be funding the project. Punjab Government may be asked to partly fund the project. The MoU was signed by Punjab's Principal Secretary, Power, Arun Goel and Director/Commercial, NTPC I J Kapoor. Chairman and managing Director K D Chaudhri and Director/Generation G S Chhabra Punjab State Power Corporation Limited were also present on the occasion.
The Punjab government has also agreed to facilitate the acquisition of land, allocation of water and conveyed in-principle clearance for about 2,316 acres and 125 cusecs of water for the thermal plant.
The state government has already issued a notification under Section 4 of Land Acquisition Act for 2,316 acres for the project. The plant consist of four units of 660MW each which will be funded by NTPC.
According to the agreement, at least 50 per cent of the power from the plant will be allocated to Punjab. NTPC has sought long term coal linkage from the Ministry of Coal, and Punjab has assured co-operation in obtaining the coal linkage for this project.
The Punjab State Power Corporation Limited (PSPCL), which was keen to take the project, on its part, has also agreed to provide all reports for specific studies/investigations, including EIA studies conducted at site for preparation of feasibility report. The cost incurred on all such reports shall be reimbursed by NTPC.
The PSPCL will soon enter a power purchase agreement with NTPC for purchase of power allocated from the proposed project, and the tariff for the sale of power shall be as determined by Central Electricity Regulatory Commission.
Source- Indian Express