MP woos investors with promise of uninterrupted power
CM Chouhan on MoU-signing spree as Indore girds up to host Global Investors’ Summit in October. Debobrat Ghose reports.business Updated: Aug 07, 2012 22:52 IST
Madhya Pradesh is looking at hardselling its power projects to woo investors. The state is targeting to attain power-surplus status by 2015.
In the runup to the Global Investors’ Summit to be held at Indore from October 28-30, chief minister Shivraj Singh Chouhan told Hindustan Times: “Power is our USP (unique selling proposition). Investors won’t find it difficult to get electricity as we are coming up with major power plants, which will add 14,000 MW to the present installed capacity of 9,437 MW by 2015.”
The state also has the potential to generate 9,980 MW from non-conventional sources.
MP has entered into nearly 30 memoranda of understanding (MoUs) with private players. India’s power major producer, National Thermal Power Corporation (NTPC), will set up three plants at Chhatarpur, Narsinghpur and Khargone districts with a total capacity of 4,640 MW.
“Land acquisition for NTPC and some private companies are in process and once it is done, work will start,” Chouhan said.
The country's first domestic pit head coal-based ultra mega power project with 3,960 MW capacity is coming up at Sasan in MP. This project is being set up by Reliance Power Limited. Other major private players in the state’s power sector are Essar, Adani, Jaiprakash, Moser Baer and Bina Power.
While the private sector projects are expected to generate 2,287 MW by 2014, the state-owned MP Power Generation Company’s two thermal projects that total 1,700 MW in Khandwa and Betul will become operational in January and October 2013 respectively.
Chouhan said his government wants to ensure adequate electricity for micro, small and medium enterprises, as it is not possible for many of them to install generators.
“Apart from industries, our aim is to supply electricity to all villages by June 2013,” he said.
In the non-conventional power space, MP has entered into agreements with Welspun, Moser Baer, Alpha Infraprop and Acme Tele Power.