Rajasthan on disinvestment route for power plants

Jaipur, Feb 24: To arrest the rising electricity bills and provide relief to consumers, Rajasthan is all set to divest stake in eight thermal power producing units of Kali Sindh and Chhabra Thermal Power Plants.
Two operational power production unit of 600 MW capacity each would be divested at at Kali Sindh Thermal Power Plant and four operational units of 250 MW capacity each and two other under-construction units of 600 MW capacity would be disinvested at Chabbra Thermal Power Plant.

The units would be divested through competitive bidding. And a consultant would also be appointed to execute the process, informed Health minister Rajendra Singh Rathore.

The move is an attempt to reduce the mounting losses at these plants and also an attempt to improve the financial conditions of these plants. The two units at Kali Sindh caused losses of Rs 524 crore in 2014-15 and extra losses of Rs 514 crore are estimated for the current year. The units at Chabbra Power Plant caused losses amounting to Rs 499 crore in 2014-15 and estimated losses for the current year is likely to be Rs 633 crore.
According to Rathore, disinvestment of these units would fetch Rs 1,284 crore along with saving the government from payment of share capital of Rs 852 crore and a loan of Rs 3,189 crore.

Leave a Reply

Your email address will not be published.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