 "NLC to add 1,500 MW capacity this fiscal")
Speaking to the reporters in the sidelines of the Annual General Meeting held here today, he said, “We will be adding around 1500 MW more to the existing capacity by the end of the year. Of this, around 50 per cent would be supplied to Tamil Nadu.”
Addressing the shareholders, he said that the company is expecting its 500 MW of lignite based Thermal Power Station (TPS) - II expansion project, 1000 MW of Neyveli New Thermal Power Station, which is a replacement of the existing thermal station I of 600 MW capacity, 1000 MW of coal based power project at Tuticorin, 51 MW wind power project and 10 MW solar power project, the total power generating capacity would increase to 4,701 MW.
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Besides, it is proposed to consider power projects of 6495 MW capacity during the 12/13 Five Year Plan period.
He said that the company has able to realise a part of its dues from Tamil Nadu Generation and Distribution Corporation (Tangedco) the discom of Tamil Nadu government. The amount due from Tangedco is reduced from Rs 3,496.52 crore to Rs 1,921.96 crore as on August 31, 2013.
The total outstanding amount from the state beneficiaries, the State Electricity Boards, as on August 31, is Rs 2,772.05 crore, as against the total outstanding dues of Rs 4,351.83 crore including the surcharge during August 31, 2012. There is a concern on the building up of the surcharge from Tangedco, which is at Rs 600 crore.
The company has invoked liquidated damages clause in its agreement with Bharat Heavy Electricals Ltd (BHEL) for the delay in its project due to BHEL, and has deducted around Rs 130-150 crore from BHEL, he added. It may be noted that the company has earlier said that the TPS – II Expansion project for 2X500 MW has been delayed because of BHEL.
The Circulating Fluidised Bed Combustion (CFBC) based units could not be commissioned as envisaged and has been delayed by 15 months, now. BHEL, the main plant package contractor has taken up the modification works and has committed to commission the Unit-1 in December 2013 while the Unit-II is expected to be commissioned in January 2014, he added.
The company has escalated the issues with the Ministry of Coal and other related authorities and now, the responsibility for the works has been shifted to the BHEL Trichy unit, while earlier the company had to approach BHEL Delhi for every requirement. This is expected to expedite the process, said Mohan.
It has also recently placed an order for a value Rs 332.52 crore for setting up a wind power farm of 51 MW capacity at Kaluneerkulam, Tamil Nadu, which is scheduled to be commissioned in June, 2014. The company is also setting up a 10 MW Solar Photo Voltaic project at Neyveli at an estimated cost of Rs 85 crore in the first phase, which could be followed by a proposed 15 MW Solar PV Power Project in the second phase.
The company has floated Expression of Interest for acquiring coal assets abroad and for long-term supplies for the upcoming power plants and is looking at such supplies from Indonesia, Australia, Mozambique, USA and Colambia.