Taking cognizance of the fact that power allocation from the central generating stations may not remain under it`s exclusive jurisdiction from January 2011 onwards, the power ministry seems to be in a hurry to finalize the power sharing deal for NTPC`s 3,960 MW power project in the Bundelkhand region.
Reportedly, the ministry has already worked-out a formula for distribution of power from the supercritical unit-based plant so as to ensure that the not-so-cooperative Uttar Pradesh government is punished and the more helpful Madhya Pradesh is adequately rewarded.
The power major had to shift the project from UP to MP due to the UP government`s apparent apathy in providing land and water for the project.According to the MoP`s plan, MP will be authorized to draw as much as 50% power from the mega project.
On the other hand, UP will be allowed to draw only 35% power from the plant, as compared to the northern-state`s dream to draw the entire power to be generated from the plant.
The balance 25% power will be distributed amongst the Government of India and project-developer, NTPC. While the Government will retain 10% power as unallocated quota, NTPC will be entitled for 5% share for short-term sale of power via open access.
Undoubtedly, the ministry wants the deal to be finalized well within January 2011, as its special dispensation in power allocation might get subsiquently replaced by the tariff-based auctioning regime, as stipulated by the Electricity Tariff Policy of 2006 for the distribution of power from the central generation projects.
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