-2.90 (-0.83%) State-owned power producer, National Thermal Power Corporation (NTPC) is planning to construct 4,000 MW (5x800 MW) power project at Pudimadaka near Anakapalli in Atchutapuram Mandal, Vishakhapatnam district of Andhra Pradesh. In this regard, the company will incur a cost of around Rs 24,000 crore, as an investment of about Rs 6 crore is required for every megawatt generation.
Pudimadaka is among the basket of projects planned for the 13th Plan period (2017-22) but the company can consider taking it up earlier if the land and coal linkage is fast tracked. The electricity generated from this project would be consumed by the home state as well as the neighboring state of Karnataka. The company would sign the Power Purchase Agreements (PPAs) with the respective states for the same.
Meanwhile, the company would soon float the tender inviting bids to supply equipment for its five super-critical power projects at Solapur, Mouda (Maharashtra), Meja (Uttar Pradesh) and Nabinagar (Bihar). Currently, the company operates plants with over 36,000-MW capacity, from all sources of energy. It has 15 coal-based, seven gas-based and six joint venture power stations.