Chandigarh, Jul 23 (UNI) In a significant step, the Haryana cabinet today gave its approval to an Independent Power Producer (IPP) to set up a 2 x 660 MW coal based thermal power plant in Jhajjar district.
The plant, to be set up by the China Light and Power (CLP), would provide 1320 MW of power required to meet the shortfall of 4000-5000 MW likely to be faced by the state by 2012, Chief Minister Bhupinder singh Hooda said after the cabinet meeting.
He said the finalisation of the tariff for setting up the super critical technology plant was taken through the process of transparent competitive bidding.
The entire process, including the Request for Qualification (RFQ) and the Request for Proposal (RFP) documents were duly approved by the Haryana Electricity Regulatory Commission (HERC), as envisaged under the Guidelines for Procurement of Power, 2005 and the National Tariff Policy, 2006 of the Government of India.
The bids were invited in two phases. In the first phase qualification bids were to be submitted and in the second phase qualified bidders had to submit their financial bids.
In first phase, 19 bidders had applied out of which 11 had been declared qualified. Out of these 11 qualified bidders, 3 bidders finally submitted their financial bids.
The bids were processed by a Technical Committee constituted under the Chairmanship of Director generation/ HPGCL and finalised by the Evaluation Committee constituted by the State Government under the Chairmanship of Chief Secretary.
The power developer was selected on the basis of levelised tariff worked out for 25 years period taking 11.10 per cent discounting rate notified by the Central Electricity Regulatory Commission.
He said that CLP would establish a thermal power plant of 1320 MW capacity with Mega Power Status who would supply 90 per cent of the power generated to Haryana (annually-7826 Million Units at 80 per cent PLF) for a period of 25 years.
The period of contract could be extended thereafter as per mutual agreement with the state retaining the first right of refusal.
Land, water linkage, coal linkage, MoE &F clearances would be made available by the State on permanent basis.
The Chief Minister said that China Light and Power (P) Ltd.
was a 100-year old company generating more than 13,000 MW of power in Hong Kong, Australia, China, Thailand, Taiwan, India and other Countries utilising different sources of energy including Nuclear, Thermal, Gas and Wind power.
He said in India it was already generating power in the states of Gujarat, Karnataka and Maharashtra.
UNI MA BP1841