123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Chhattisgarh Surguja Umpp 14th Time Unlucky

Profile Picture
By Author: herbert carter
Total Articles: 10
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Chhattisgarh Surguja Power Ltd’s efforts to find a developer have failed once again. The power company, a wholly owned subsidiary of Power Finance Corporation Ltd., has once again extended the last date for submission of response to global invitation floated to pre-qualify a developer for its proposed Chhattisgarh Surguja Ultra Mega Power Project (UMPP).

Poor response from the private developers has forced Chhattisgarh Surguja Power to postpone the submission date for the 14th time since it originally published the global invitation in March 2010. The RfQ is now slated to be opened on 3 October 2013.

Chhattisgarh Surguja Power plans to set up a 4,000 MW coal based power unit near Salka-Khameria villages at Udaypur tehsil in Surguja district of Chhattisgarh on BOO basis. The project will spread over 2,500 acre of land. Of the total required land, about 1,200 acre will utilised for setting up the power plant, 1,000 acre for ash dam, 200 acre for water conservation and 100 acre for developing a housing complex for staff members.
Private power developers’ interest in setting up UMPPs has waned in the recent ...
... years for several reasons. Non availability of land, coal linkage, rise in price of imported coal, non availability of equipments are some of the main project hurdles faced by power promoters.
As a result, of the total 16 UMPPs initiated by the government, only 4 UMPPs were handed over to private parties. Of this one, the Mundra UMPP has been completed and the other three are under various stages of implementation. The balance 12 UMPPs are still awaiting for developers.

UMPPs awaiting developers
Project Promoter Progress
Surguja UMPP Chhattisgarh Surguja Power Tendering stage
Sundergarh UMPP Orissa Integrated Power Tendering stage & awaiting environment clearance
Cheyyur UMPP Coastal Tamil Nadu Power Awaiting environment clearance
Tatiya Andhra UMPP Tatiya Andhra Mega Power Planning stage
Deoghar UMPP Deoghar Mega Power Awaiting environment clearance
Orissa UMPP (2) Sakhigopal Integrated Power Awaiting state government approval
Orissa UMPP (3) Ghogarpalli Integrated Power Co. Awaiting state government approval
Munge UMPP Coastal Maharashtra Mega Power Planning stage
Tadadi UMPP Coastal Karnataka Power Planning stage
Bihar UMPP Power Finance Corporation Location approved by CEA
Tamil Nadu UMPP (2) Power Finance Corporation Nascent
Gujarat UMPP (2) Power Finance Corporation Nascent

Total Views: 331Word Count: 334See All articles From Author

Add Comment

Investing / Finance Articles

1. The Investor Co - Trade With Confidence
Author: Taramalhotra

2. A Deep Dive Into The Leading Investment Banking Firms In Hyderabad
Author: Verity knowladge solutions

3. Can Foreigners Buy Property In Ajman?
Author: tarek

4. When Will Same Day Loans Online Be Paid Into My Bank Account?
Author: Jockey Ferguson is a financial adviser of Fast Pay

5. The Role Of Exclusive Solar Appointments In Accelerating The Solar Revolution
Author: Shan Tait

6. Wills Vs. Trusts: Key Insights For Effective Estate Planning
Author: Daniel Stewart

7. The Impact Of Financial Institutions Groups On Global Markets
Author: Verity knowladge solutions

8. How Property Investment Professionals Drive Long-term Wealth Creation
Author: Rick Lopez

9. Private Company Registration Bangalore | Company Incorporation
Author: mwseo

10. Ecommerce Loan With Overdraft Facility For Your Business
Author: Tarun

11. Does The Online Application Process For A Short Term Loans Require A Credit Check?
Author: Jockey Ferguson is a financial adviser of Fast Pay

12. The Impact Of Customer Reviews On Solar Appointment Leads
Author: Shan Tait

13. What Happens If You Don’t Use Insurance Money For Repairs?
Author: john

14. How To Earn Money Online Without Investment In Mobile?
Author: john

15. Is It A Good Idea To Give Money To Beggars?
Author: john

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: