Hyderabad: Simhapuri Energy, a subsidiary of Madhucon Projects Ltd, has commenced commercial operations of the second unit of 150 MW in Nellore district of Andhra Pradesh. With this, the first phase of 300 MW has gone on stream.
The diversified Hyderabad-based infrastructure holding company, Madhucon is implementing 1,920-MW thermal power plant with a total outlay of Rs 11,270 crore. The company expects to complete phase II of 300 MW by November-December.
Seventy per cent of the capacity will be supplied to Power Trading Corporation under tolling agreement and the balance goes towards merchant power. Once both the phases are implemented, they are expected to contribute about Rs 600 crore to the company’s revenue.
The company has long-term imported coal supply pact for the plant located close to the Krishnapatnam port.
Madhucon's subsidiary PT Madhucon Sriwijaya Power in Indonesia has signed a power purchase agreement with PT PLN (Persero) for supply of power for 25 years from its proposed 300 MW mine mouth coal plant to be set up in south Sumatra. The company hopes to tie up funds for the Rs 2,100 crore Indonesia project by the year end.
COAL mines
The company’s coal subsidiary PT Madhucon Indonesia has rights for three coal mines. One of the mines located at Diwas in South Sumatra has commenced commercial production with an output of 25,000 tonnes a month.
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