IN A significant move to make Uttar Pradesh self-sufficient in power, the Uttar Pradesh government on Sunday signed power purchase agreements (PPAs) for 1,930 megawatt with three major power players -- Reliance Energy Limited, Lanco Group and GVK Reddy Group.
Three power projects – Rosa Thermal Power Project (600 mw) taken up by Reliance Energy Limited, Anpara-C Thermal Power Project (1,000 mw) by Lanco Group and Srinagar Hydro-electricity (330 mw) by GVK Reddy Group in Pauri Garhwal (Uttaranchal) -- will start generation by the year 2010. The three companies will invest over Rs 10,500 crore in the projects.
Speaking on the occasion, Chief Minister Mulayam Singh Yadav said under the new energy policy, the state government had planned to make Uttar Pradesh self-reliant in the power sector through public-private participation. He said the 600 mw Rosa power project in Shahjahanpur district would cost about Rs 2,500 crore and the cost per unit generation of power would be Rs 2.15 paise. The cost of 330 mw Srinagar Hydro-electricity power project would be Rs 1,978 crore. The cost of power generated by the 1000 mw Anpara-C Thermal power project would be Rs 1.91 paise per unit, he said.
TheCM said the country and states would progress only with the support of the business groups. He assured Anil Ambani (Reliance Energy Limited), GVK Reddy, Chairman of GVK Group and L Madhusudan Rao, Chairman of Lanco Group that the state government would remove all hurdles in the completion of the projects.
Chairman of the UP Development Council Amar Singh said complete transparency was maintained in the bids of the three projects. Lanco Group was given preference over the Reliance Energy Limited since the quotation per unit was lowest by Lanco Group.
Anil Ambani, chairman of Reliance Energy Limited said all the three companies got the projects on merit. Rosa power project was on the cards for more than 10 years. “Earlier, Kumar Mangalam Birla had shown interest in the project, but he could not proceed with it.
Now we have taken up the mantle to make the project a reality. The completion of the project would require 40 months with an investment of Rs 2,500 crore,” he said.
“I am personally involved in the development of Uttar Pradesh and will continue to play a major role in the energy sector,” Anil said and added that the state’s power policy was a model one that was even appreciated by the Central Government”. “Reliance Energy Limited plans to develop Dadri as Dhirubhai Ambani Energy City. We will produce 5,600 mw of clean and green gas. All the obstacles in the completion of the project would be removed soon”, he said. Madhsudan Rao said Anpara-C Thermal power project would prove to be a benchmark in the development of the state. We are confident to complete the project on schedule, he said.
GVK Reddy said there was ‘Ram Rajya’ in Uttar Pradesh. Reddy has taken over this project from the Tatas. Two states are involved in the hydro-electricity project. Though the project is to be completed in four-and-a-half years, Reddy Group will complete it in three years, he said.