TN ropes in private firms to wipe out power deficit
The HinduIn an attempt to bridge the power deficit — now 4,000 MW, but growing quickly — in the State, the Tamil Nadu Generation and Distribution Corporation Ltd has decided to award a long term power purchase contract for 1208 MW to four companies at a levelised tariff of Rs 4.910/Kwh for a period of 15 years. The good news for private power producers is that she is learnt to have given further instructions that the entire 4,000 MW power deficit must be bridged in mission-mode through urgent award of similar competitive contracts to private power producers for the remaining power shortfall of 2,222 MW within the next 4 months. Since Tamil Nadu doesn’t have its own coal, it is keen to rope in private power producers with preferential coal linkages or captive coal mines to generate power for the state. The minutes of the 38th Tangedco Board meeting held on June 28 record a resolve to issue letters of intent for this particular long term power purchase contract to DB Power, Jindal Power, Ind Bharat Energy and Balco.
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