MINISTER OF STATE FOR STEEL (SHRI DILIP RAY)
(a) to (d) A Statement is laid on the Table of the Lok Sabha.
STATEMENT REFERRED TO IN REPLY TO PARTS (A) TO (D) OF THE LOK SABHA STARRED QUESTION
No.245 TO BE ANSWERED ON 15th DECEMBER, 1999 TABLED BY SHRI SUNIL KHAN REGARDING
CAPTIVE POWER PLANT.
(a) & (b) Steel Authority of India Limited (SAIL) has initiated the process to divest the following facilities to a Joint Venture Company with a strategic alliance partner(s) :
(i) Power Plant-II of Rourkela Steel Plant alongwith Central Power Training Institute.
(ii) Power Plant-II of Durgapur Steel Plant.
(iii) Power Plant-I and Power Plant-II of Bokaro Steel Plant.
(iv) Supervisory Load Control Centre of SAIL at Calcutta.
(c)&(d): The cost of installation of Captive Power Plants at Bokaro, Durgapur and Rourkela is as follows :-
Description Rourkela Durgapur Bokaro Total
Plant PP-II PP-II PP-I PP-II
Capacity (MW) 120 120 122 180
Date of Installation of 1st unit 12/04/87 17/02/87 17/04/72 July, 1988
Cost of Installation (Rs crores) 199.66 124.14 325.76 649.56
Transfer price of the assets will be determined at the time of finalization of the bids and will be higher than the installation cost. The Joint Venture Company is geared to debt equity ratio of 2 : 1 in which SAIL will hold 51% of the equity. The successful bidder will have to bring in 49% of the equity and the debt. There will be no adverse impact on the cost of production.