Maithon Power Ltd (MPL), a 74:26 joint venture between Tata Power and Damodar Valley Corp. (DVC), has increased its generation by 7% in FY16 compared to FY15.
MPL generated 7172 MUs in FY16 as compared to 6684 MUs in FY15.
Ashok Sethi, COO and ED at Tata Power, commented: “This development has reaffirmed our position as largest integrated power company in the country. Tata Power will ensure that it continues to add to the generation capacity of the power sector of India and prove to be a national asset to the country. We are extremely proud of this development and hope to achieve many more milestones.”
MPL is the first successful public-private partnership (PPP) in green field generation project in the country. The plant has implemented 2 x 525 MW coal-fired power project power in Jharkhand. The power project provides to close to 16 million domestic consumers and supplies cost competitive power to industry and agriculture.
K. Chandrashekhar, Chief Executive Officer and ED at Maithon Power Ltd, stated: “It is a significant achievement for us and has given much needed impetus to surge ahead and look for capacity addition by another 1320 MW at the same plant. MPL will continue to be a competitive source of power and help meet states growing demand for electricity”.
The power project is located at Maithon in the state of Jharkhand with a total capacity of 1050 MW. In addition to supplying power to DVC, power from the Maithon project is being exported to power deficit northern and southern state. The Project supplies power to three states, namely Delhi, West Bengal and Kerala as also to DVC as per long-term PPA, which are currently facing shortage of electricity.
Edited from press release by Harleigh Hobbs