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Home India Bathinda thermal power plant, machinery auctioned at Rs 164.6 crore

Bathinda thermal power plant, machinery auctioned at Rs 164.6 crore

Written by Raakhi Jagga
| Ludhiana |

September 12, 2020 7:55:26 am

The Punjab State Energy Company Restricted (PSPCL) earned solely Rs 32 crore out of this public sale whereas Rs 750 crore had been spent on renovation of this plant.

TWO AND a half months after the Punjab Cupboard determined to promote 1320 acres of Bathinda thermal energy plant land, the plant and equipment of the plant had been auctioned for Rs 164.6 crore to a Mumbai primarily based agency.

An e-auction was performed on September 9 with a base value of Rs 134 crore of which Rs 2 crore was a price paid to take part within the bidding course of. Therefore, the Punjab State Energy Company Restricted (PSPCL) earned solely Rs 32 crore out of this public sale whereas Rs 750 crore had been spent on renovation of this plant throughout the 2007-2014 tenure.

Boilers, generators, chimneys, mills, management system and many others are a part of this e-auction. Therefore, equipment shall be taken out by the involved firm earlier than demolishing the constructed portion.

A Venuprasad, chairman cum managing director (CMD) of PSPCL, stated, “The bottom value was Rs 134 crore and it has been auctioned for a bit of above Rs 164 crore. Solely the thermal plant and equipment have been auctioned. The 4 cooling towers that are a landmark of Bathinda, shall be retained and therefore cooling towers are a part of the Punjab City growth authority (PUDA) land now. Nevertheless, flue fuel chimneys are included within the public sale, they shouldn’t be confused with the long-lasting towers.”

The plant was by no means run to its full capability since 2016 — practically two years after spending Rs 750 crore on its renovation. The then Akali authorities would shut the plant in winters for “upkeep”. Within the 2017 polls, Congress fought to make this plant operational. However quickly after it got here to energy, from January 1, 2018, the plant was closed completely and since then was mendacity defunct.

On June 22 this 12 months, the Punjab Cupboard handed a call to make use of its 1,320 acres of land to be developed as an industrial property. The land shall be acquired by PUDA  and thru a income sharing scheme of 80:20 (PSPCL: PUDA), will probably be redeveloped by PUDA in order to promote it as an industrial property. Although the whole land of the plant is 1,764 acres, the remainder include three synthetic lakes, thermal colony, cooling towers and many others. Punjab Finance Minister Manpreet Badal had claimed that will probably be the most important industrial park of Punjab.

In the meantime, the muse stone of Guru Nanak Dev Thermal Plant (GNDTP), Bathinda was laid in November, 1969, to have fun the 500th start anniversary of Guru Nanak by the then CM Justice Gurnam Singh and its building had began in 1970. The primary unit with 110 MW capability had come up in 1974 and later the second unit with comparable capability in 1974.

Subsequently, the third and fourth items got here up in 1978 and 1982 and therefore the whole technology capability was 440 MW. Complete price of the plant at the moment was Rs 100 crore. The Joint Discussion board of GNDTP Staff Affiliation had additionally lodged protest in opposition to this public sale as Gursewak Singh, president of the affiliation stated, “After spending crores on renovation…public sale was performed for simply Rs 164 crore which as naked minimal even though unit quantity Three and four have many machineries which have been put in about 8-9 years in the past.

Technology capability of each these items had additionally been enhanced to 120 MW every and therefore by 2014, this plant had began producing 460 MW energy as a substitute of 440 MW which it used to do initially.”
The union president claimed that after renovation the age of unit 1 had elevated to 2020-21 and unit 2 to 2022-23 whereas age of unit 3&four had been elevated to 2028-29 and 2030-31 however even then, the equipment has been auctioned at a throwaway value, it’s certainly a tragic day, he added.

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