The Maharashtra Industrial Development Corporation (MIDC) is considering picking up equity in the upcoming Group Captive Power Plants (GCPP) projects that are being set up in the various industrial estates in the State.
Rising demand for power from industries and large-scale investment in the GCPP by power companies has led to this move, officials of the Maharashtra Government said.
The generated power would be used for industries and surplus would be fed to the State grid. There are plans to even wheel the power to industrial areas in the neighbouring states, they said.
MIDC in the month of April had signed a Memorandum of Understanding (MoU) with Reliance Energy Ltd (REL) for setting up two GCPP. The 165 MW gas fired plant would come up at the Thane-Belapur industrial area and 130 MW coal fired plant would come up at Butibori industrial area near Nagpur.
The capital expenditure for both the GCPPs would be to the tune of Rs 1,000 crore.
MIDC has also got an in principal approval from the Union Government for setting a `Power SEZ' at Bhadravati, Chandrapur. About 1000 MW of power would be generated using coal at the SEZ. MIDC is also waiting for the approval from Union Government for a Power SEZ of 250 MW capacity at Usar, Alibaug. LNG would be the fuel for this SEZ.
The state-run industrial infrastructure provider is also planning to set up small GCPP's of 100 to 300 MW at Shendre in Aurangabad, Narayangaon Peth in Amravati, Kolhapur, Ambarnath near Mumbai, and one new GCPP at Tarapur. Plans are these GCPP's are firmed up.
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