9.26 LAKH CRORE IN­VEST­MENT EX­PECTED IN POWER GEN­ER­A­TION PROJECTS TILL 2021-22

Resource Digest - - NEWS IN BRIEF -

The Min­istry of Power es­ti­mates Rs. 9.26 lakh crore of in­vest­ments to go into gen­er­a­tion projects by the end of the 13th Plan Pe­riod of 2021-22.

This in­vest­ment will also be backed up with a more im­me­di­ate Rs. 78,603 crore of in­vest­ments in trans­mis­sion projects which will come by the end of 2016-17.

The pro­jec­tions were given by PK Pu­jari, Sec­re­tary, Min­istry of Power, at the In­dia In­vest­ment Sum­mit 2016.

“The in­vest­ments in trans­mis­sion projects are a cer­tainty. One might ques­tion how many in­vestors are keen on set­ting up a power plant to­day. But by 2019-20 or 2020-21, there will be need for ad­di­tional ca­pac­ity for which in­vest­ments will need to start two years prior to that. There­fore, for power gen­er­a­tion our pro­jec­tions are till 2021- 22,” Pu­jari said.

Of the to­tal Rs. 9.26 lakh crore of in­vest­ments in power gen­er­a­tion, Rs. 1.9 lakh crore is for ther­mal projects that are al­ready un­der con­struc­tion. New ca­pac­ity ad­di­tion of 26,400 MW will see in­vest­ments of Rs. 1,84,000 crore, nu­clear power ca­pac­ity ad­di­tion of 18,000 MW is ex­pected to see in­vest­ment of Rs. 2,70,000 crore, retrofitting of old plants has an in­vest­ment op­por­tu­nity of Rs. 70,000 crore and six ul­tra mega power projects is ex­pected to bring Rs. 1,80,000 crore.

On ul­tra mega power projects, Pu­jari said three such projects will be auc­tioned in March. “Bid­ding will def­i­nitely start for three projects in March. They would be Bed­aba­hal in Odisha, Banka in Bi­har and Cheyyur in Tamil Nadu,” he added.

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