Karnataka Signs Power Purchase Agreement With AP

The total cost of the Jurala hydro-electric project is estimated at Rs 720 crore (Rs 3 per MW) and this will be borne by the two states equally.

Published: 20th May 2014 07:44 AM  |   Last Updated: 20th May 2014 08:25 AM   |  A+A-

Power

BANGALORE: As soon as the monsoons set in, the state will get 117 MW of power every week from the Jurala hydro-electric project in Andhra Pradesh.

The memorandum of understanding signed by the two states in 2011 will be implemented from this year and the state will get power once a week, Energy Minister D K Shivakumar said on Monday. He was speaking at the signing of a power purchase agreement (PPA) to share power from the Priyadarshini Jurala hydro-electric project between Karnataka Power Transmission Corporation Ltd and Andhra Pradesh Power Generation Corporation (APGENCO). He said the amount of power to be shared was agreed upon by government officials from both the states.

Though the project was conceived in 1978, it really took shape only after over three decades. The minister said the additional power supply is expected to reduce load-shedding in the state. Karnataka will get half the power generated and has to pay Rs 3.23 per unit annually. Shivakumar said the agreement lasts till 2023-2024.

The Project

Six units of the multi-purpose project were commissioned in August 2011, 33 years after it was first conceived during the Devaraj Urs government in the state. The total cost of the project is estimated at Rs 720 crore (`3 per MW) and this will be borne by the two states equally. The power block cost Rs 140 crore and this two will be shared equally. Karnataka has already paid its share of Rs 70 crore, the minister said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp