Hyderabad, Apr 23 (UNI) The Andhra Pradesh Generation Corporation (APGENCO) has chalked out ambitious plans to double the power generation from the present 7010 MW capacity by 2011-12, its Chairman S V Prasad said today.
Financial closure had been achieved for the planned projects, with the Power Finance Corporation and the Rural Electrification Corporation agreeing to provide 80 per cent of the over Rs 9,000 crore required for the ongoing projects. The rest of the required funds would be raised from commercial banks, he told reporters here.
Orders would be finalised by coming June for the country's first super critical thermal plant (2x800 MW). Orders would also be placed shortly for the 600 MW Kakatiya Thermal Power Project stage II, he informed.
APGENCO Managing Director Ajay Jain said the 500 MW Vijayawada Thermal Power station stage IV would be commissioned later this year, while the 500 MW Kakatiya Thermal Power Project stage-I by February next year.
The Kothagudem Thermal Power Station Stage VI would start generation from July next year, APGENCO Director (Finance) G Prabakara Rao said.
The 2100 MW Karimnagar gas-based project would be taken up once firm commitment was received from Reliance Industries for supply of eight MCMD of gas. Talks were on to get firm allotment of gas required for the gas-based plant with Reliance Industries and other players in the field.
Mr Prasad said APGENCO achieved the highest turnover of Rs 4,617 crore in 2007-08, registering an increase in net profit to 1.44 crore.
The Corporation had achieved the highest generation of 33,273.3 million units since its inception, the previous high being 31,417.8 MW achieved in 2006-07, Mr Prasad said, adding thermal power stations achieved a plant load factor(PLF) of 85.7 per cent this year as against national average of 78.2 per cent.
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