123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Investing---Finance >> View Article

Chhattisgarh Surguja Umpp 14th Time Unlucky

By Author: herbert carter
Total Articles: 10

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: 100Word Count: 333See All articles From Author

Investing / Finance Articles

1. Share Market Tips For Investing With Profit Aim Research
Author: Profit Aim

2. When Your Business Cannot Wait For Cash? Just Look For Invoice Factoring Financing To Begin Soaring
Author: Stephen Perl

3. On May 29, 2012, The U.s. Department Of Labor Issued Advisory Opinion 2012-04a.
Author: Terrance Power

4. Download Forex Robots To Make Consistent Profits In The Market
Author: johnsyanol

5. Get Assisted To Learn What It Takes To Qualify For No Credit Check Car Loan
Author: Mary Coleman

6. How Loans Allow Bad Credit Borrowers To Overcome Financial Uncertainties?
Author: Sara James

7. Insurance Within Super
Author: Scott

8. Accomplish Your Social Security Retirement Benefits With Best Retirement Strategy Planner
Author: lauriejacckson

9. The Most Important Things You Need To Know Before Choosing A Tax Preparation Or Financial Planning S
Author: Accounting Services

10. Classification Of Forex Bonuses
Author: John Arnold

11. What Are The Different Types Of Emi Calculator Available In The Financial Market?
Author: Neha Sharma

12. Profitable Promotions For Traders
Author: John Arnold

13. Useful Tips To Make Money By Trading For Future
Author: Henry James

14. Private Equity Research – A Basic Need For Investors
Author: Levi

15. No Deposit Home Loan – Go For The Low Deposit Option!
Author: Mc Cutcheon

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