THE NARMADA Hydroelectric Development Corporation Limited (NHDC) has offered to set up a 250 mw thermal power plant at Pench in Chhindwara district.
NHDC Chairman-cum-Managing Director S K Garg today held a preliminary discussion on the proposal with Chief Minister Shivraj Singh Chouhan.
The corporation would venture into thermal power generation for the first time if the State Government agreed, said Garg, also the CMD of National Hydro Power Corporation (NHPC).
Garg told newspersons that joint venture projects with the State Government had helped the NHDC turn into a profit-making organisation from the first year of power generation from the Indira Sagar project. Three new NHDC projects are in the pipeline at Handia, Bauras and Hoshangabad, which would generate about 160-mw power.
“Because of the success we’re able to supply power at Rs 1.50 per unit in MP though our power selling benchmark is set at Rs 2.50 per unit,” he said. The NHPC has 51-per cent share in NHDC as the joint venture partner.
After the sixth annual general meeting of NHDC board here on Thursday, the CMD announced that the corporation posted a turnover of Rs 335.98 crore and a net profit of Rs 106.10 crore in the financial year 2005-06.
Garg said NHPC stands among the top 10 PSU companies with an investment of Rs 24,000 crore and by March 2012 end, it expects to have an investment of Rs 59,000 crore.
He said NHPC has expressed its desire to work in Arunachal Pradesh, where nearly 50000-52,000-mw of hydroelectric power generation potential lying untapped. “We’ve entered into MoUs with the state, along with Himachal Pradesh, Uttaranchal and Bhutan,” he said.
The corporation is preparing to come up with IPO by the end of current fiscal, which would be possible after Cabinet’s approval. NHPC has also made its presence in Chhattisgarh under Rajiv Gandhi Gramin Vidyutikaran, apart from West Bengal, Bihar and Orissa.
NHDC’s chief executive director S K Dodeja said that on August 3 a hearing would take place at Jabalpur High Court regarding the shifting of 25 families from Indira Sagar reservoir area.
“Despite making complete payment, the 25 families from six villages aren’t ready to move,” he claimed. He said that as per the CCEA sanction the Omkareshwar Project is expected to be completed by February 2008.