GE-Ratnagiri Gas pact may reduce Maharashtra's power woes
The agreement guarantees energy availability for GE's power generation equipment, improving the plant's production, and supply and repairs of spare parts.
By PTI |
MUMBAI: GE Energy has signed an eight-year agreement with Ratnagiri Gas and Power Pvt Ltd ((RGPPL) for equipment supply and rehabilitation of machines for the Dabhol power plant, the complete revival of which will ensure reliable electricity supply to energy-starved Maharashtra.
The agreement guarantees energy availability for GE's power generation equipment, improving the plant's production, and supply and repairs of spare parts.
RGPPL, which owns the gas-based plant, was incorporated in 2005 to revive generation at the facility which had been beset by problems like equipment failure and a financial crunch.
The plant in Ratnagiri, Maharashtra, was shut in 2001 following legal battles between Maharashtra Government and US-based Enron Corp over cost of power production and tariffs. Operations were resumed in 2006.
"The plant currently generates about 950 MW of power. I expect it to achieve full load generation of 1,940 MW by March 2010," RGPPL Managing Director A K Ahuja told reporters here last night.
Of the six turbines at Dabhol, only three are working, each having a capacity of 310 MW.
GE and RGPPL have inked a Comprehensive Service Agreement and Rehabilitation Agreement, whose total deal value is understood to be around $130 million.
The agreement guarantees energy availability for GE's power generation equipment, improving the plant's production, and supply and repairs of spare parts.
RGPPL, which owns the gas-based plant, was incorporated in 2005 to revive generation at the facility which had been beset by problems like equipment failure and a financial crunch.
The plant in Ratnagiri, Maharashtra, was shut in 2001 following legal battles between Maharashtra Government and US-based Enron Corp over cost of power production and tariffs. Operations were resumed in 2006.
"The plant currently generates about 950 MW of power. I expect it to achieve full load generation of 1,940 MW by March 2010," RGPPL Managing Director A K Ahuja told reporters here last night.
Of the six turbines at Dabhol, only three are working, each having a capacity of 310 MW.
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GE and RGPPL have inked a Comprehensive Service Agreement and Rehabilitation Agreement, whose total deal value is understood to be around $130 million.
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