The Maharashtra government has decided to set up a holding company on the line of Power Trading Corporation (PTC) as a provider of power trading solutions in the state.
Informing this on Saturday on the occasion of the lay foundation ceremony of the private power company, the Maharashtra Power minister, Dilip Walse-Patil said that setting up of such a corporation has been necessitated because the state was facing lot of problems, and often more delay in purchasing power from different sources during its crisis.
The primary focus of the proposed state undertaking would be to develop a vibrant power market in the state.
According to the minister, the state is likely to set up the proposed undertaking by the middle of next month in view of the present power crisis in Maharashtra.
The proposed corporation would provide holistic services that address the sustainability of a power market model, including intermediation for a long-term supply of power from government sector and private players.
The minister suggested Pune model in other cities in Maharashtra to overcome the present power shortage. The model was first implemented in Pune and now the city has zero power cuts.
About 30 companies in Pune have started using their idle generators to produce 90 MW power which was supplied to the consumers during power cuts.
This helped the grid to use the available power for other area. Pune consumers pay extra 42 paise for every unit they consumer over 300 units for the enhanced power supply.
Earlier, the chief minister, Vilasrao Deshmukh laid the foundation stone of Wardha Power Company that was setting up 540 MW power plant here.
The power company, a venture of Hyderabad-based KSK Energy, has entered into a coal supply agreement with Gujarat Mineral Development Corporation from its coal block in Chhattisgarh.
The project will be commissioned by May 2009. Power from the first phase of 270 MW will be supplied to Viraj Profiles Limited, a leading steel manufacturer and exporter, in Maharashtra.
Later, talking to media persons the chief minister Deshmukh informed that Dabhol will generate 700 MW more power by June this year while it will be able to generate its full capacity of 2100 MW by December next.
“The gas pipeline from Gujarat will also be completed by June 17,” he further added and claimed that by December the state will get an additional 2600 MW power from different sources that would give relief from the current crisis.
The union Power minister, Sushil Kumar Shinde, who was the chief guest on the occasion, informed that the global tender was floated for the ambitious Mauda Power Project of NTPC near Nagpur. The capacity of proposed plant would be 1000 MW.
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