PRIVATE POWER PROJECTS IN TAMIL NADU: CAPTIVE POWER PROJECTS - A STATUS REPORT
Article Abstract:
Many high tension (HT) consumers of Tamil Nadu have started setting up captive power plants to source load supply and sell the surplus power to the state electricity power boards. Captive power plants are good alternatives as Tamil Nadu has a power deficit of 800 mega watt (mw) at 50 cycles. The deficit is likely to increase with a 10 percent rise in the demand. More over, captive power plants can be set up easily as they have low capacity and do not need clearances. They also do not need escrow from the Tamil Nadu Electricity Board (TNEB). These power plants will reduce the demand for power and solve problems due to rise in prices of the Tamil Nadu Electricity Board (TNEB), quality of TNEB power and low power supply. Identifying the immense potential offered by captive power plants, the government of Tamil Nadu has chalked out a policy to boost this sector. The policy has not laid any restriction on the capacity of the plant. It has stated that clearance under Section 44 and from the Chief Electrical Inspector to the Government is necessary the capacity crosses 10 kilo watts. The policy also states that excess power has to be sold to the State at the rate of Rs2.25 per unit with a five percent escalation each year. Direct sales to third parties is not allowed. Currently, the captive power plants in Tamil Nadu generate power less than 4 MVA. (ag)(m)
Comment:
Many high tension (HT) consumers of Tamil Nadu have started setting up captive power plants to source load supply and sell the surplus power to the state electricity power boards.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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NLC POSTS Rs223.46 CR PRE-TAX IN H1
Article Abstract:
Neyveli Lignite Corporation Ltd (NLC) posted a profit before tax of Rs223.46 crore in the half year ended September 30, 1998, with all round increase in lignite excavation, coke production, power generation and export. The growth in power generation and export were 5.49 percent and 5.67 percent respectively in 1997-98 while the growth in coke production was 8.73 percent. Value of production increased to Rs1,471.25 crore in 1997-98 (1,357.05 crore in 1996-97) while the company's net worth grew to Rs3,647.90 crore (Rs3,349.79 crore). In 1997-98, NLC earned a profit of Rs448.90 crore before tax (Rs291.49 crore). (nr)
Comment:
Neyveli Lignite Corporation Ltd (NLC) posted a profit before tax of Rs223.46 crore in the half year ended September 30, 1998, with all round increase in lignite excavation, coke production, power generation and export.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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