BUSINESS

Adani Group’s latest power plant in Jharkhand to lower Bangladesh’s electricity prices

adani Group

Adani Power Limited (APL), a leading power generation company in India, has announced the commissioning of its first 800 MW ultra-super-critical thermal power generation unit at Godda in the Jharkhand district of India. The company has also started supplying Bangladesh with 748 MW of power from this plant. The electricity supplied from Godda is expected to significantly improve the power situation in Bangladesh by replacing expensive power generated from liquid fuel, thus bringing down the average cost of power purchased.

Also Read– Gold Imports Dip 30% to 431.8 Billion in April-February 2023

The Godda Power Plant is a strategic asset in India-Bangladesh’s long-standing relationship,” said Mr SB Khyalia, CEO, Adani Power Limited. “It will ease the power supply in Bangladesh, making its industries and ecosystem more competitive. It is going to be the most efficient and environment-friendly thermal power plant installed in India and entire South-East region and also one of the best in class in the world. It is the first power plant in the country, which has started its operations from Day One with 100% Flue Gas Desulphurization (FGD), SCR and Zero Water Discharge.”

Also Read– Post Office Savings Schemes Compete With Bank FDs After 3 Hikes in Rates by Govt

The power plant is a part of the Adani Group’s plan to generate 10,000 MW of power in Jharkhand, which is located in eastern India. The project has been in the works for several years and is expected to contribute to the development of the region by creating jobs and promoting economic growth.

Read More:-Income Tax: What happens if employee fails to pick between new and old tax regime? CBDT notification instructs employers how to deduct tax in such cases

In November 2017, Bangladesh Power Development Board (BPDB) executed a long-term Power Purchase Agreement (PPA) with APL’s wholly-owned subsidiary Adani Power Jharkhand Limited (APJL) to procure 1,496 MW net capacity power from 2X800 MW ultra-supercritical power project at Godda.

Read More:-Personal Loan vs Loan Against Securities: Which is a better option for you?

It is worth noting that Bangladesh currently operates one of the largest liquid fuel-based power generation plants in the Indian subcontinent. The combined installed capacity of heavy fuel oil (HFO) and high-speed diesel (HSD) plants in the country exceed 7,600 MW, with HFO-based plants alone accounting for around 6,329 MW. According to the Bangladesh Power Development Board’s (BPDB) annual report for the 2021-22 financial year, the total tariff of HFO-based plants is approximately BDT 22.10/kWh (USC 21/KWh), while the total tariff of HSD-based power plants is around BDT 154.11/kWh (USC 149/KWh).

Also Read– Lenders likely to post robust Q4 numbers; PSU banks profit may touch record high of Rs 1 lakh cr in FY23

In comparison, the energy cost of power generated by the newly commissioned Godda Power Plant in India is estimated to be around 9 cents/kWh, making it a far more cost-effective source of electricity for Bangladesh. While the country has existing long-term power purchase agreement (PPA) ties with three other imported coal-based generators, the total tariff of the Godda TPP is competitive compared to its peers. The plant’s use of ultra-supercritical technology and advanced techniques for controlling emissions and coal and water consumption also makes it a more environmentally friendly option.

Read More:-Govt Specifies Retail Sale Price Based GST Cess Rate For Pan Masala, Tobacco

The Godda Power Plant comprises two units of the latest technology available in the world, which is “Ultra Super Critical Technology” with the latest techniques for controlling emissions and consumption of coal and water. The Flue Gas Desulphurization (FGD) and Selective Catalytic Reduction (SCR) have been installed in the plant to minimise emissions and meet the latest environmental norms of the Ministry of Environment, Forest and climate change (MoEF).

Source :
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top