Nava Bharat to start a 64 MW power plant by Dec 2010
Mr GRK Prasad
ED Finance & Corporate Affairs
Nava Bharat Ventures
Mr GRK Prasad ED finance & corporate affairs at Nava Bharat Ventures, in an exclusive interview with CNBC-TV18, spoke about his outlook for the company.
Here is a verbatim transcript of the exclusive interview:
Q - You have more than 200 MW but I believe you are adding 1,050 MW in Orissa, 150 MW in Andhra Pradesh and 60 MW in Orissa. Could you tell us if these are projects? What stage of implementation they are in? When will this 1,050 power project finish? Are you fully capitalized or do you need more money to do these projects?
A - The power projects that are on fast track today are 64 MW coming up in Orissa and two units of 150 MW units each coming up in Andhra Pradesh. The 64 MW power plant is under construction. We will have this power project on stream by December 2010. Two 150 MW power plants have achieved financial closure. We would be put the projects on ground in a couple of months. After 30 months we would have the plants up and running.
Q - Have you tied up for coal and money?
A - Yes. As far as 1,050 MW power plant is concerned, it is a giant venture. However, there are certain equity issues which are being debated. So that power plant is under project clearance stage at this movement. We expect that project to have some kind of shape maybe in a couple of months once the equity structure is finalized.
Q - How will your margins and revenues shape up in FY11? You have had a quiet fall as far as the revenues are concerned but your bottom line has done reasonably well which means your margins have improved.
A - Our focus has always been to up the value addition for the power that is being generated at our power plants in AP and Orissa. The shift of power use between captive consumption and merchant sell depends on the margin we obtain for each unit of power in each type of use. So that is how you found the margins improved while the top line has shrunk which. We expect this kind of a phenomenon to continue in FY11 as well.
Here is a verbatim transcript of the exclusive interview:
Q - You have more than 200 MW but I believe you are adding 1,050 MW in Orissa, 150 MW in Andhra Pradesh and 60 MW in Orissa. Could you tell us if these are projects? What stage of implementation they are in? When will this 1,050 power project finish? Are you fully capitalized or do you need more money to do these projects?
A - The power projects that are on fast track today are 64 MW coming up in Orissa and two units of 150 MW units each coming up in Andhra Pradesh. The 64 MW power plant is under construction. We will have this power project on stream by December 2010. Two 150 MW power plants have achieved financial closure. We would be put the projects on ground in a couple of months. After 30 months we would have the plants up and running.
Q - Have you tied up for coal and money?
A - Yes. As far as 1,050 MW power plant is concerned, it is a giant venture. However, there are certain equity issues which are being debated. So that power plant is under project clearance stage at this movement. We expect that project to have some kind of shape maybe in a couple of months once the equity structure is finalized.
Q - How will your margins and revenues shape up in FY11? You have had a quiet fall as far as the revenues are concerned but your bottom line has done reasonably well which means your margins have improved.
A - Our focus has always been to up the value addition for the power that is being generated at our power plants in AP and Orissa. The shift of power use between captive consumption and merchant sell depends on the margin we obtain for each unit of power in each type of use. So that is how you found the margins improved while the top line has shrunk which. We expect this kind of a phenomenon to continue in FY11 as well.
