Inside Pages9Final.indd - Ministry of Power

power projects and selling the same to SEBs requiring
power. Turnover of the company for the year 2004-05
was Rs.2037.2 crore and profit after tax Rs.24.0 crore.
NTPC-SAIL Power Company Pvt. Limited (NSPCL) is
a joint venture formed by NTPC and SAIL with 50%
equity from both the organizations, in March’01 to
takeover the Captive Power Plant (CPP)-II located
at Durgapur & Rourkela Steel Plant having installed
capacity of 120 MW each for supplying power to the
respective steel plant on captive basis. The Total
Income of NSPCL during 2004-05 was Rs.132.2 Cr.
Profit (after tax) of the company for the year 2004-05
was Rs.23.3 Cr.
Bhilai Electric Supply Company Private Limited
(BESCL) is another joint venture formed by NTPC &
SAIL with 50% equity from both the organizations, in
March’02 to takeover the Captive Power Plant (CPP)-II
located at Bhilai Steel Plant having installed capacity
of 74 MW for supplying power to the Bhilai Steel
Plant on captive basis. The Total income of BESCL
during 2004-05 was Rs.60.7 Cr. Profit (after tax) of the
company for the year 2004-05 was Rs.6.1 Cr.
NTPC and TNEB have formed a Joint Venture
Company under the name of “NTPC Tamil Nadu
Energy Company Ltd”. The company was incorporated
on 23.05.2003 to set up a coal-based power station
of 1000 MW capacity, at Ennore, using Ennore port
infrastructure facilities. Site Specific & other studies
have been completed. Feasibility Report (FR) is under
finalization. Coal Linkage/ Coal Mine Allocation and
other key tie-ups/clearances are being pursued.
B) Activities for New Joint Ventures
i) Joint Venture with Railways
NTPC has signed an MOU with Ministry of
Railways on 18.02.2002 for setting up power
plant(s) upto 2000 MW capacity to meet the
traction and non-traction power requirements of
Railways. After studying various sites in India, it
has been decided to setup a 1000 MW (4x250
MW) power plant at Nabinagar, in Bihar. FR for
this project has been prepared. PIB meeting for
the project was held on 13.02.04. Note for CCEA
approval has been prepared by MOP and is now
awaiting clearance from the Ministry of Railways.
ii) Takeover of Muzaffarpur Thermal Power
Station (MTPS)
After a series of meetings were held with BSEB
and Govt. of Bihar (GoB) for the transfer of the
MTPS to NTPC on a long-term lease, it was
indicated by GoB in the meeting held on October
2005, that BSEB will not transfer the Station to
MINISTRY OF POWER
NTPC but would form a Joint Venture with NTPC
and operate the Station through JV Company.
Memorandum of Agreement (MOA) has been
signed on 26.12.2005 between the Government of
Bihar, BSEB and NTPC for the takeover of MTPS
by a proposed joint venture of NTPC and BSEB.
iii) MOU with REC & Agreement with State
Electricity Board
An MoU was signed in between NTPC and REC
to carry out Electrification of Rural villages and
households, one Block each in the State of West
Bengal and
NTPC is in discussion with Govt of Gujarat for allocating
suitable distribution area along with 1000 MW Pipavav
Power Project which is likely to be setup in Joint Venture
with Gujarat Power Corporation Ltd.
Distribution Area Around NTPC Stations : Korba
Revenue District
To take up distribution area around NTPC Stations, Korba
has been identified as one of the Option by setting up
parallel Electrical Distribution network. Feasibility report
prepared for Parallel distribution in Korba Revenue Distt.
Distribution License shall be applied on receipt of allocation
of power from MOP.
B NTPC Vidyut Vyapar Nigam (NVVN): NTPC Vidyut
Vyapar Nigam Ltd. (NWN) was formed by National
Thermal Power Corporation Limited (NTPC), as its
wholly owned subsidiary to cater to and deal with
the vast potential of power trading in the country
and optimum capacity utilization. It was incorporated
on 1st November 2002. The Company was granted
category “E” Trading License by Central Electricity
Regulatory Commission (CERC) on 23rd July 2004.
NWN crossed the trading volume of 1000 MUs in
October 2004 and moved to category “F” in 2004-05.
NWN transacted business with 17 State Utilities spread
all over the country upto 30.11.05.Major sellers of
power (GRIDCO/ WBSEB/ DVC/ ASEB/ UPCL) have
resorted to tender and some traders have quoted high
rate, thereby increasing cost of power. NWN decided
to refrain from bidding high rate and this decision has
adversely affected trading volume.
An initiative has been taken by NTPC through its
wholly owned subsidiary NWN, to examine various
issues related to the feasibility of whole sale Power
Exchange at National Level in India, which will provide
a transparent and neutral platform for promoting
competition in supply of electricity at wholesale level
and thus help development of power sector.
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