PERFORMANCE BUDGET 1998-99 - Ministry of Power
PERFORMANCE BUDGET 1998-99 - Ministry of Power
PERFORMANCE BUDGET 1998-99 - Ministry of Power
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6.1 PROJECT DETAILS:<br />
Name <strong>of</strong> the Project : Nathpa Jhakri Hydro Electric Project<br />
State : Himachal Pradesh<br />
Capacity : 1500 M.W. (6 x 250 MW)<br />
Funding Agency : World Bank<br />
Loan Amount : US $ 437 Million<br />
Year <strong>of</strong> Commissioning (Original) : December, <strong>1<strong>99</strong>8</strong> (All six units)<br />
Original Cost : Rs.1678.02 crore (9/88 price level)<br />
Revised Cost : Rs.4337.95 crore (March,’93 price level)<br />
CEA Clearance : May, 1986<br />
Investment Clearance : April, 1989<br />
6.2 PROJECT COST AND COMMISSIONING SCHEDULE:<br />
The Revised Cost Estimates <strong>of</strong> NJHPP at March, 1<strong>99</strong>3 price level was sanctioned in<br />
June, 1<strong>99</strong>3, at Rs.4337.95 crore with the commissioning <strong>of</strong> first and last unit by June,<br />
1988 and December, <strong>1<strong>99</strong>8</strong> respectively.<br />
Based on the Revised Detailed Project Report (RDPR-97), incorporating revised cost<br />
to completion estimate and revised commissioning schedule, the estimated completion<br />
cost <strong>of</strong> NJHPP is Rs.7217.05 crore, including IDC <strong>of</strong> Rs.1785.77 crore and financing<br />
charges <strong>of</strong> Rs. 77.02 crore with the commissioning <strong>of</strong> first and last unit by December,<br />
2001 and March, 2002 respectively. An amount <strong>of</strong> Rs.2914.66 crore has been incurred unto<br />
March,<strong>1<strong>99</strong>8</strong>.<br />
7. NORTH-EASTERN ELECTRIC POWER CORPORATION LLIMITED<br />
(NEEPCO)<br />
7.1 ASSAM GAS BASED COMBINED CYCLE POWER PROJECT (291 MW),<br />
ASSAM<br />
7.1.1 This project is located in Dibrugarh District <strong>of</strong> Upper Assam. The project was administratively<br />
approved in Nov. ’87 at a cost <strong>of</strong> Rs.203.17 crore for installing 6 (six) units <strong>of</strong> Gas Turbine<br />
and 3 (Three) units <strong>of</strong> Steam Turbine to utilise the waste heat with a total installed capacity <strong>of</strong><br />
291 MW. The project cost subsequently was revised at Rs. 895.77 crore on the basis <strong>of</strong> bids<br />
received for turn-key contract. The price increase was mainly due to the effect <strong>of</strong> evaluation,<br />
sharp increase in international cost <strong>of</strong> gas turbines after the Gulf War, increase in cost <strong>of</strong> Civil<br />
works and addition <strong>of</strong> certain items in the estimate which were not included earlier. On receipt<br />
<strong>of</strong> Govt. approval <strong>of</strong> this Revised Cost Estimates <strong>of</strong> Rs. 895.77 crore in May’92, orders for<br />
turn-key contract were placed. The latest cost as perApril ’96, price level works out to<br />
Rs.1347.57 crore (including IDC) for which approval was accorded in September, 1<strong>99</strong>7.<br />
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