Liberalised scenario after passage of Electricity Bill 2003 spurs market interest
The demand for captive power facilities has seen a rise after the passage of the Electricity Bill 2003.
Manufacturers of captive power sets like Thermax, Bharat Heavy Electricals Ltd (Bhel) and Alstom have received several queries from customers who want to set up big generation facilities that will give them the option of supplying excess power to the grid.
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Several are also planning to jointly set up units to exploit economies of scale.
Most of the proposals for captive projects received by the manufacturers are for sets with capacities between 8 mega watt and 50 mega watt.
Prakash Kulkarni, managing director of Thermax Ltd, said the company was at present in talks with around 10 clients.
The company was looking to set up captive power facilities adding up to a total of 160-166 mega watt capacity, he added.