Ultra Mega Power Projects

Ultra Mega Power Projects

Four Ultra Mega Power Projects (UMPPs) have been awarded so far. Mundra UMPP has been awarded to M/sTata Power Limited and Sasan, Krishnapatnam and Tilaiya UMPPs have been awarded to M/s Reliance Power Limited. As per Central Electricity Authority (CEA), construction work at two UMPPs namely Mundra andSasan have already been started. For third UMPP at Krishnapatnam preliminary works have already been taken by the developer at site. For the fourth UMPP which was transferred to the developer on 7th August, 2009, first stage forest clearance has already been received for project land. The details in respect of the awarded UMPPsare as follows: Project Name of (Special purpose Vehicle) SPV Date of formation of SPV Date of transfer of SPV 1 Mundra Coastal Gujarat Power Limited 10.02.2006 22.04.2007 2 Sasan Sasan Power Limited 10.02.2006 07.08.2007 3 Krishnapatnam Coastal Andhra Power Limited 24.08.2006 29.01.2008 4 Tilaiya Jharkhand Integrated Power Limited 02.01.2007 07.08.2009 Apart from the above four UMPPs, the SPVs have been incorporated for following UMPPs as well: S.No Project Name of SPV Date of Incorporation 1 Chhattisgarh UMPP Chhattisgarh Surguja Power Limited (Formerly Akaltara Power Limited) 10.02.2006 2 Karnataka UMPP Coastal Karnataka Power Limited 10.02.2006 3 Maharashtra UMPP Coastal Maharashtra Mega Power Limited 01.03.2006 4 Sundergarh UMPP,Orissa Orissa Integrated Power Limited 24.08.2006 5 Cheyyur UMPP, TamilNadu Coastal Tamil Nadu Power Limited 09.01.2007 6 1st Additional UMPP inOrissa Sakhigopal Integrated Power Limited 21.05.2008 7 2nd Additional UMPP inOrissa Ghogarpalli Integrated Power Limited 22.05.2008 8 2nd UMPP in Andhra Pradesh Tatiya Andhra Mega Power Limited 17.04.2009 The project specific SPVs are created as a wholly owned subsidiaries of Power Finance Corporation (PFC), the nodal agency for this initiative. Special Purpose Vehicle (SPV) obtains various clearances, water linkage, coal mine allocation (for domestic coal based projects) etc. for the project. The SPV also initiates action for land acquisition in the name of the SPV, selects the developer through a tariff based competitive bidding process and finally transfers the SPV to the identified developer along with the various clearances, tie ups, etc. One of the functional Directors of PFC is the part-time Chairman of the SPV and other part-time Directors of the SPV are nominees of PFC. Further, for the UMPPs which are at advance pre-bidding stage, the representatives from top three power procuring States are also there in the board as part-time Directors. This information was given by Shri Bharatsinh Solanki, Minister of State for Power in a written reply in RajyaSabha on May 3, 2010.

Source: Energetica-India : International Magazine on Renewable & Conventional Power Generation | Transmission | Distribution