APGenco needs 15.8 MT Coal to meet existing power needs
Hyderabad, April 15, 2007To meet the demand of new thermal stations expected to be commissioned by 2012, the Union Minister for Coal has allocated three captive mines of the Singareni Collieries Company Limited (SCCL) to Generation Corporation of Andhra Pradesh (APGenco). The three coal mines located in Telangana Region and will have a combined coal reserves of 155 Million Tonnes.
APGenco requires 15.8 MT for its existing thermal stations and another 22 MT for the 17 new projects that are coming up with a capacity of 8963 MW at an estimated cost of Rs. 35,010 crore. They include eight thermal, eight Hydel units and a Gas-based project. While the work on Tadicherla's exploration has been set in motion by initiating land acquisition process and inviting global tenders for mine operators-cum-developers, the geological report on the remaining two blocks is awaited.
APGenco Managing Director Ajay Jain, speaking to media said that the Corporation planned to ad at least 1000MW every year till 2012. He said that the turnover for 2006-07 was Rs. 4333 crore and earned a net profit of Rs. 145 crore. He added that by showing excellent performance for the last three years, the Corporation has wiped off all accumulated losses of Rs.256 core and achieved a break even financially during the 2006-07.
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