THE MINISTER OF STATE IN THE MINISTRY OF POWER ( SHRIMATI JAYAWANTI MEHTA )
(a) to (d) : The Uttar Pradesh Power Corporation Ltd. have informed that Power Purchase
Agreements (PPAs) have been signed with two Independent Power Producers during the last
three years for setting up power projects in the private sector in Uttar Pradesh. Their details are
given below :-
Sl.No. Name of the Project/Promoters Capacity (MW) Date of Commissioning schedule signing of PPA
1. Rosa Thermal Power Project 567 24.9.1998 40 months from (M/s. Indo-Gulf Fertilizers) financial closure District Shahjahanpur
2. Srinagar Hydro-Electric Power 330 28.8.1998 62 months from project (M/s Duncans North financial closure. Hydro Power Co. Ltd.) District Pauri Garhwal (now in the newly created State of Uttaranchal)
Both the above projects are yet to achieve financial closures. The penalties for delay in
commissioning of the above projects are by way of liquidated damages, after achievement of
financial closure by the project promoters, as per the provisions of the PPA.