For the first time,the state government has taken a bold step to improve power shortage and introduce power sector reform.How?By signing an Memorandum of Understanding with the National Thermal Power Corporation.
The MoU was signed by the state government and the NTPC in presence of Jharkhand Chief Minister Raghubar Das and Union Minister of State for Power Piyush Goyal in Ranchi on Sunday.
As per the MoU,the state government and the NTPC will run Patratu Vidyut Utpadan Nigam Ltd(PVUNL) by owning share of 26(cashless):74(investment and return)respectively.PVUNL,acquiring the entire staff,land and plants owned by Patratu Thermal Power Corporation(PTPC),aims to manufecture 4000 MW.
At the moment,the state government run PTPC produces less than 110-120 With MoU signed,PVUNL plans to manufacture 4000 MW.The power tariff is expected to be decided by the Central Electricity Regulatory Commission.
In the first phase,PVUNL plans to produce 2400 MW(3X800 MW)in 2019.In the second phase,it plans to increase production by 1600MW(2X800MW) in 2024.
Picture shows Jharkhand Chief Minister Raghubar Das alongwith Union Minister of State for Power (Independent Charge) Piyush Goyal (2nd-R) as MoU was signed in Ranchi today between Jharkhand Government and NTPC for reform,improvement and expansion of Patratu Thurmal Power Station (PTPS). Photo-Ratan Lal
