US giant GE of­fers to set up gas power plant in Pun­jab

The Hindu Business Line - - NEWS -

US giant Gen­eral Elec­tric has of­fered to set up a 2,400-megawatt gas-based power plant in Pun­jab, of­fer­ing elec­tric­ity at ₹4.81 per unit only.

The of­fer was made by GE to Chief Min­is­ter Amarinder Singh dur­ing a meet­ing here this evening, ac­cord­ing to an of­fi­cial re­lease.

The Chief Min­is­ter asked the com­pany’s CEO Deepesh Nanda to sub­mit a com­pre­hen­sive pro­posal within a fort­night and set up a five-mem­ber com­mit­tee to ex­am­ine the same.

The com­mit­tee will com­prise CEO In­vest Pun­jab, Di­rec­tor Tech­ni­cal Pun­jab State Power Cor­po­ra­tion Ltd, Di­rec­tor Fi­nance PSPCL, a nom­i­nee of Prin­ci­pal Sec­re­tary Fi­nance, along with Ad­di­tional CEO In­vest Pun­jab Ra­jat Ag­gar­wal as its con­vener.

“The com­mit­tee has been man­dated to rec­om­mend to the gov­ern­ment the model — IPP or EPC — for set­ting up of the plant.

It will also look into the is­sue of the se­lec­tion of the site for the plant, for which the chief min­is­ter has sug­gested a lo­ca­tion near Ropar, in place of the ex­ist­ing 35-year-old ther­mal plant which had out­lived its util­ity, the re­lease said.

The com­pany has of­fered to set up the plant any­where in the state to en­sure un­in­ter­rupted and cheap power to the in­dus­try, but prefer­ably in a re­gion with an ex­ist­ing pipe­line net­work.

The com­pany also ex­pressed the de­sire to as­so­ciate with state gov­ern­ment for set­ting up gas power plants at the load cen­tres at Ludhiana and Am­rit­sar, ei­ther on In­de­pen­dent Power Pro­ducer (IPP) or Engi­neer­ing Pro­cure­ment Con­struc­tion (EPC) model.

The Chief Min­is­ter felt the pro­posed gas plant will give a fil­lip to the state gov­ern­ment’s plan to de­velop Kandi re­gion as an in­dus­trial zone, along with the foothills of Shiva­lik.

The high-pow­ered GE del­e­ga­tion, led by Nanda, ear­lier made a de­tailed pre­sen­ta­tion to the chief min­is­ter on its pro­posal.

Point­ing out that gas power plants had emerged as an ef­fec­tive, green al­ter­na­tive to the con­ven­tional coal-based ones, Nanda said the for­mer were also more eco­nom­i­cally vi­able as they re­quired up to 35 acres less land.

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