Tata Power signed an MoU with BPCL on 27 October to build a 110 kV power link for its Rs 14,203 crore unit at the Mumbai Refinery.
BPCL’s Petro Resid Fluidized Catalytic Cracking Unit, called PRFCCU, is the biggest project the company has ever taken up at the Mumbai Refinery.
It can process 3 million tonnes a year and carries a total cost of about Rs 14,203 crore. Only one other project under way at BPCL is bigger.
It is billed a first for India. The project is also expected to add more value to refining at home and support India’s energy security.
Tata Power’s job is to keep it supplied with electricity. An MoU is a signed understanding between two parties to work together, and this one lays out who does what.
Under it, the company will design and build a 110 kV connection, which is a high-voltage power line, along with the supporting equipment. The unit needs 90 MW of power.
Both sides put the combined cost at around Rs 250 crore. Work should wrap up in about 24 months, provided approvals and other milestones come through on time.
The link also serves Tata Power’s own plans. It will strengthen the company’s transmission network in Trombay, an industrial pocket of Mumbai where big customers are expected to want more electricity in the years ahead.
For that same area, Tata Power plans a 400 kV transmission facility over the next five years, which should help move more power through the city’s grid.
This follows another update from earlier in the month. On 14 October, Tata Power said it was in talks with 18 data centre operators over more than 2.8 GW of possible business.
Part of that work ties into a Rs 15,000 crore plan to upgrade and expand Mumbai’s power network.
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