Saturday, August 25, 2012

Four Ultra Mega Power Projects at Different Stages of Development
The Minister of State for Power, Shri K.C. Venugopal, informed Lok Sabha in a written reply that so far, four Ultra Mega Power Projects (UMPP) namely Sasan in Madhya Pradesh, Mundra in Gujarat, Krishnapatnam in Andhra Pradesh and Tilaiya in Jharkhand have been awarded to the successful bidders and are at different stages of development. Presently, there is no proposal for setting up of an Ultra Mega Power Project in the state of Haryana. Two units of 800 MW each of Mundra UMPP have been commissioned. The remaining units of Mundra and other awarded UMPPs are expected in 12th Plan (except the last unit of Tilaiya UMPP, which is likely to come in the 13th Plan) as per schedule in the Power Purchase Agreement (PPA). The Joint Monitoring Committees (JMCs) consisting of the members of the Central Electricity Authority (CEA) and Procurers have been set up for regular monitoring of these projects.

Under the UMPP initiative launched by the Ministry of Power, no financial allocation has been envisaged from the Government. The projects are given to the bidder with the lowest levellized tariff. Further, the responsibility for achieving financial closure and tying up of funds for meeting the requirement of the project rests with the identified developers, the minister said 

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