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India Reliance Power to build 4,000MW plant by 2013

Posted by Yogesh on Thursday, 16 October, 2008

NEW DELHI, Oct 16 (Reuters) – Reliance Power Ltd will commission a giant coal-fired power project with a capacity of 4,000 megawatts, equivalent to India’s current nuclear power capacity from 17 plants, by 2013, a top company official said.

The plant at Sasan in central India, the first of nine ultra mega power plants planned by India, will commission three years ahead of schedule, Chief Executive J P Chalasani told reporters on the sidelines of a conference.

India, which imports 70 percent of the oil it consumes, is encouraging coal-fired plants to ease chronic electricity shortages, which are seen as a major obstacle to faster economic growth.

Chalasani said the first unit of 660 MW would be commissioned in December 2011, ahead of schedule.

The whole Sasan project will consume 15 million tonnes of coal a year from coal blocks allocated by the government.

The government has estimated India’s power sector needs 10 trillion rupees ($205 billion) of investment in the five years to 2012. Asia’s third-largest economy is estimated to suffer peak power shortages of about 18.1 percent and an overall energy deficit of about 8.8 percent in the current financial year.

Coal secretary H.C. Gupta said on Thursday coal stocks held by domestic power plants were likely to increase by next month.

“Some of the large power plants have very low level of coal stocks because of problems in supplying coal in the rainy season, But their stock will substantially improve by the end of November,” he said. Source Reuters

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