Business Daily from THE HINDU group of publications
Saturday, Sep 26, 2009
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Business Daily from THE HINDU group of publications Saturday, Sep 26, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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New Projects Industry & Economy - Power
Our Bureau
New Delhi, Sept. 25 Tata Power expects to commission the first two units of its 4,000 MW Mundra Ultra Mega Power Project in Gujarat before the end of the current Five Year Plan (2007-12) period. The company would commission two 800 MW units by February 2012, a senior company official said. “There is over 30 per cent progress in the project and we would commission the first unit in September 2011 and subsequently other units will follow at an interval of five months each...The second unit would be commissioned by February 2012,” Tata Power’s Executive Director (Finance), Mr S. Ramakrishnan, said here. The 4,000 MW Mundra project would be fully commissioned by December 2013. “Mundra would be the first UMPP to go on stream,” he said. The company will be importing 12 million tonnes of coal from an Indonesian coal block, where it has picked up 30 per cent. Nearly, half of the fuel requirement of the project will be procured from these mines. Tata Power bagged the Mundra project in 2007. The project entails an investment of Rs 17,000 crore and is being funded through a debt and equity ratio of 75:25. “The entire equity is of Tata Power and the debt component comes from both foreign exchange loans and domestic loans,” he added. More Stories on : New Projects | Power | Tata Power Co. Ltd
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