Coastal Gujarat Power Limited (CGPL), the special purpose vehicle floated by Tata Power Limited, is having a tough time coping with hurdles at its 3,960 MW Krishnapatnam UMPP. Notably, completion of the 400 Kv Mandra-Bachahau-Ranchodpuraline D/C power evacuation line is not likely before September 2011, owing to delays in receipt of right-of-way (RoW) and forest clearance. The transmission project was earlier scheduled for completion by January 2011.
- Also, the developer has lately made absolutely no progress in acquiring land required for the project. Till date, Tata Power has acquired 3,140.33 acres of land, out of the 3.224.6 acres required.
- On a positive note, though, the Tata Power-subsidiary has managed to light up the boiler and commence steam blowing in Unit-1. Also, boiler hydro test in Unit-3 has been done. Some progress has also been seen in Unit-5, with the TG deck casting completed.
- Tata Power bagged the Mundra project in 2007 through the international competitive bidding route. The project entails an investment of over Rs 17,000 crore, which is being funded via a debt and equity ratio of 75:25.
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