HYDERABAD: Infrastructure firm Madhucon Projects (Nama Nageswara Rao, Chairman and MD) announced that its first coal-fired power project with a capacity of 150MW has commenced commercial operations from Friday.
The power project, with a total capacity of 1,920 MW to come up in three
phases near Krishnapatnam in Andhra Pradesh, is being implemented by
special purpose vehicle Simhapuri Energy Pvt Ltd.
The first phase of the project will have two units of 150MW each and
second phase will have similar capacities. In the third phase, the
company plans to have two units of 660MW each.
The company said
the second unit of 150MW is expected to be operational by June, while
two units of 150MW each in second phase are expected to begin operations
before the year-end.
Madhucon Projects, which is into power,
coal and roads with an order book of Rs 7,500 crore, has recently
forayed into setting up of power projects in the overseas market.
It has on Tuesday announced signing power purchase agreement with the
Indonesian government-owned power utility for a 300MW mine mouth coal
fired power plant at Dawas in South Sumatra involving an investment of
$410 million. The company owns three coal mines in Indonesia with
estimated reserves of around 1,500 million tonne.
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