CEA NOD TO SIPAT SUPER TPS STAGE II

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Central Electricity Authority has accorded techno economic clearance to 660 MW Sipat Super Thermal Power Station Stage-II in Chattisgarh to be set up by National Thermal Power Corporation (NTPC) at an estimated current cost of Rs.2530 crore including interest during construction and financing charges. The 3X660 MW Stage I of Sipat Super TPS was given CEA clearance in January 2000. All the four steam turbine driven generating units will use state of the art super critical boiler technology to achieve better efficiency. The project has been appraised by CEA on current cost basis. Like Stage I of the project, coal requirement for Stage II shall also be met from Dipka and Kushmunda mines of South Eastern Coal Ltd. Which are located in near vicinity. Synchronisation of the project has been planned by March 2007. The power generated would benefit the Western Region viz. Madhya Pradesh, Chattisgarh, Gujarat, Dadra and Nagar Haveli, Daman and Diu and Goa. NTPC would finance the project with 30% equity from their internal resources and balance 70 per cent funds will be raised as debt in Indian Rupees and US dollars. Both the debt packages proposed by NTPC will be repayable after seven years in bullet form.