The Nagpur-based Indo-Rama Synthetics has finally started supplying 22-MW power from Saturday to Tata Power Company (TPC) for Mumbai through the state grid. This would minimise the on-going power shortage in the state capital.
Informing this in Nagpur at the Indo-Rama campus at Butibori, OP Lohia, the chairman and managing director of the company, said that the company would be able to supply 40 MW to TPC by end of this year. "We have given an assurance to supply 30 MW within the next couple of months and a power purchase agreement (PPA) has already been signed with TPC in this regard," he added.
The power suppliers of the metro, TPC is purchasing 22 MW power from the Indo-Rama from its captive power plant. Presently, the company generates 84 MW power from its own captive plant and of them, over 30-MW is surplus. It is because of setting up of a new captive plant of 30-MW last year.
According to Lohia, as per the PPA, Tata would pay Rs 6 per unit. The financial capital of the country faces potential power cuts as demand peaks in April-May-June --- during the hottest months. The power crisis could be gauged from the fact that TPC urged office workers not to use electricity at peak times, switch the air conditioning later in the day and replace incandescent bulbs with compact fluorescent lamps.
Answering a question, Lohia said that his company was seriously thinking to set up a mega power plant in Vidarbha in view of its abundant coal resources."Power is emerging as a new business and hence the decision," he further said.
Meanwhile, Chief Minister Vilasrao Deshmukh on Saturday inaugurated the second plant of India-Rama at Butibori. The company will now be able to double its capacity from 3 lakh to 6 lakh metric tones of synthetic yarn with the help of the new plant.