Punjab has created new historical past because the Chief Minister Bhagwant Singh Mann and Delhi Chief Minister Arvind Kejriwal on Sunday devoted the Sri Guru Amar Dass Thermal Plant to the lots.
The state authorities had scripted a brand new success story by buying Goindwal energy plant earlier owned by a personal firm GVK Power at a price of Rs 1080 crore. For the primary time a reverse pattern was witnessed within the state as the federal government bought a personal energy plant whereas up to now the state governments used to promote their property to the favourite people at ‘throw away’ costs. This energy plant is the most affordable buy made by any state/personal firm as different energy vegetation like Korba West, Jhabua Power and Lanco Amarkantak of capability 600 MW have been bought at Rs 1804 crore, Rs 1910 crore and Rs 1818 crore respectively.
The Punjab authorities has bought this 540 MW energy plant at Rs 2 crore per MW. This is far lower than different energy vegetation whose acquisition has been made at Rs 3 crore per MW. The Power plant has been renamed as Sri Guru Amardass Thermal Power plant after the third Sikh Guru.
The out there capability of energy plant is 61% whereas it was used solely upto 34% however now it is going to be run to 75-80% thereby augmenting the ability era within the state. As coal from Pachwara coal mine, allotted to Punjab, can be utilized just for authorities energy vegetation so with buy of this energy plant this coal will be aptly utilized for producing energy to supply it to each sector of the state. This buy will assist in discount in total Tariff by over Rs. 1 per unit and it’ll result in Savings of Rs. 300- 350 crores on energy buy thereby benefiting the shoppers of the state.
This energy plant will even assist in larger (More than Double) energy era resulting from availability of coal from Pachhwara Coal Mine as Plant Load Factor (PLF) is prone to go as much as 75 to 80% in opposition to common Plant Load Factor (PLF) 34% up to now. The operationalisation of this plant will even open new Employment alternatives for the youth of the State of Punjab thereby making them an equal accomplice within the development and prosperity of the state. Pertinently, 540 (2×270) MW GVK Goindwal Sahib Thermal plant, a MOU route price plus foundation venture was envisaged in 1992. Initially, a PPA for a 500 MW plant was signed in 2000, thereafter a MOU for a 540 MW plant was signed in 2006 adopted by an amended PPA for 540 MW in 2009.
This venture was commissioned in 2016 however now to buy it PSPCL together with 11 different contenders ie. Jindal Power, Adani Power, Vedanta Group, Rashmi Metaliks, Sherisha Technologies, Sai Wardha Power, Megha Engineering and Infrastructures, India Coke & Power Pvt. Ltd., RKG Fund (RKG Trust), KLu Resources and Capri Global Holdings & Pvt. Ltd submitted their functions in February 2023 after which PSPCL lastly bagged it. Between 2016-2023, the state authorities had bought 11165 million items of energy by paying Rs 7902 crore and a median per unit of Rs 7.08 per unit was paid to the ability vegetation. However, estimated per unit price after acquisition with Pachwara coal will now be Rs 4.50 per unit including that it’ll save Rs 300-350 crore each year which shall be judiciously utilized for the effectively being of individuals. With the acquisition of this plant there shall be three authorities and two personal thermal vegetation operational within the state now.