Development of Ultra Mega Power Projects (UMPPs) has been
identified as a thrust area. These are very large sized
projects, approximately 4000 MW each involving an estimated
investment of about Rs. 16,000 crore.
These projects will meet the power needs of a number of
States/ distribution companies located in these States,
and are being developed on a Build, Own, and Operate (BOO)
basis. In view of the fact that promotion of competition
is one of the key objectives of the Electricity Act, 2003,
and of the legal provisions regarding procurement of electricity
by distribution companies, identification of the project
developer for these projects is being done on the basis
of tariff based competitive bidding.
Guidelines for determination of tariff for procurement
of power by distribution licencees have been notified in
January 2005 under the provisions of the Electricity Act,
2003. The Power Finance Corporation (PFC), a PSU under the
Ministry of Power, has been identified as the nodal agency
for this initiative.
Salient features of the Plant and Choice of Technology
Mega Power Projects would use Super Critical Technology
with a view to achieve higher levels of fuel efficiency,
which results in saving of fuel and lower green-house gas
Flexibility in unit size subject to adoption of specified
minimum Supercritical parameters.
Integrated power project with dedicated captive coal blocks
for pithead projects.
Coastal projects to use imported coal.