September 07, 2008

Foundation stone soon for Bawana power project in New Delhi

Dr Manmohan Singh Prime Minister of India is scheduled to lay the foundation stone for the 3rd phase of 1,500 MW gas based project at Bawana in northwest Delhi on March 24th 2008. The project is estimated to cost INR 4,500 crore

Pragati Power Phase I consists of a 330 MW capacity station, which is commissioned in 2002-03. Phase II consists of a 750 MW gas based power station at Bamnauli. The construction activities for phase II are likely to begin by 2008-09 and are scheduled for commissioning by 2010.

The proposed project received clearance from union ministry of environment & forests.

Pragati Power Corporation has signed agreements with Bharat Petroleum Corporation, GAIL and Indian Oil Corporation for supply of 2 million standard cubic meters per day of gas each to fire the power station. The gas supply will be arranged by Petronet LNG.