Mudajaya Group Bhd’s long-delayed independent power producer (IPP) project in Chhattisgarh, India, is set to supply power to Uttar Pradesh Power Corp Ltd (UPPCL).
In a filing with Bursa Malaysia, the construction and property development group said 26%-owned associate RKM Powergen Pte Ltd, which is undertaking the project, had notified of its intention to supply power generated from two of its four generating units of 360 MW each.
RKM had executed a power purchase agreement with UPPCL for the supply of 350 MW power, and the tariff was approved by Uttar Pradesh Electricity Regulatory Commission (UPERC) on Feb 1.
“Subsequently, UPPCL filed a review petition seeking certain modifications. Upon the passing of orders by UPERC on the review petition, UPPCL will issue the notice of despatch for the commencement of power supply by RKM,” Mudajaya said. Read More…
Credit By: thestar.com.my
Latest posts by The star (see all)
- Benchmark Brent oil price slips as focus returns to oversupply - July 20, 2018
- Petronas Plans Expansion To Capture India Growth - August 10, 2017
- Saudi energy minister says may extend oil output cuts beyond 2017 - May 8, 2017