|
Profile of BSES Kerala Power Station
BSES Kerala Power Limited (BKPL), is co-promoted by Reliance Energy Limited (REL) and Kerala State Industrial Development Corporation Limited (KSIDC). In the equity share capital of Rs. 127.76 crore of BKPL, REL and its group/associates companies holds 86.32% while the KSIDC holds the remaining 13.68%.BKPL owns a 165 MW naphtha fired Combined Cycle Power plant at Kochi, Kerala.
BKPL has entered into a Power Purchase Agreement (PPA) with Kerala State Electricity Board (KSEB) for the Combined Cycle operation.
The nominal capacity of the plant is 165 MW in the Combined Cycle Mode of Operation and the contracted capacity is net export of 157MW (net of auxiliary power) at interconnection point.
The project was appraised by Canara Bank. This is the first time that a project is financed by commercial banks on a debt equity ratio of 70:30. BSES Kerala Power is also the first Independent Power Producer (IPP) under competitive bidding to achieve financial closure. The five member consortium of lenders led by Canara Bank includes Indian Overseas Bank, Punjab National Bank, Andhra Bank, The ING Vysya Bank Limited.
A Tripartite Escrow and Disbursement Agreement has been entered into among KSEB, BKPL the State Bank of Travancore (Escrow Agent) and the Government of Kerala has provided its guarantee.
The company has entered into a Fuel Supply Agreement with Indian Oil Corporation Limited for supply of naphtha, with option for alternate fuel such as LNG.
The Power Station consists of three GE make LM 6000 PC series, state-of-the-art areoderivative Gas Turbines Generators (GTGs), suitable for dual-fuel operation. The GTGs and auxiliaries have been packaged, supplied and set up by Stewart & Stevenson, Houston, USA. Three dual pressure-45 tons/hour Heat Recovery Steam Generators (HRSGs) were supplied and set up by Thermax Babcok & Wilcox Limited. 39M W Steam Turbine Generators (STG) and auxiliaries have been supplied, set up and commissioned by Bharat Heavy Electricals Limited (BHEL).
The combined cycle power station started commercial operation on 23rd November 2001.
The Power Station operates based on the dispatch instructions of KSEB. The deemed PLF of the power station during 2005-06 financial year was 99%. |
