"The third 660 mw unit of Talwandi Sabo power plant in Punjab has put commercial production on August 24, 2016, and will be capitalised in September 2016," Vedanta has informed BSE.
Talwandi Sabo Power Ltd (TSPL), a wholly-owned subsidiary of Vedanta, had set up a coal-based supercritical thermal power plant in district Mansa of Punjab.
TSPL had signed a power purchase agreement with the Punjab State Power Corporation Ltd (PSPCL) for the establishment of 1,980 mw (three units of 660 mw each) thermal coal-based commercial power facilities.
The 100 per cent power generated from this project shall be supplied to PSPCL for 25 years. The company also said the auctions of coal linkages for captive power plants were conducted by Coal India in August and has secured 6.09 million tonnes per annum for its captive power plants, that supplies power to its Aluminium smelters at Jharsuguda and Balco.
The tenure of the linkage is five years with an option to extend this further. The premium paid was Rs 96 per tonne, which is 10 per cent over Coal India linkage price of captive power plants.