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