Nagaland Government Signs Power Purchase Agreement With Hutah Industries – EQ
A power purchase agreement (PPA) between Government of Nagaland and M/s Hutah Industries was signed at Kohima on August 25, in the presence of power minister KG Kenye.
In a press note, engineer-in-chief, department of power, Er. Moa Aier informed that the PPA was inked for purchase of power from 10MW Biomass Power Plant at A.K. Industrial Village, Ganeshnagar, Nagaland, which would be developed by M/s Hutah Industries on IPP (Independent Power Producers) mode.
At the PPA signing ceremony, power minister KG Kenye expressed satisfaction with the M/s Hutah Industries taking up such initiatives. He stressed the need to develop power generation in the State to meet the power demand as well as promote industrial activities.
Kenye further impressed on the need for internal power generation so as to reduce import from outside.Since the project is bamboo fired, he suggested exploring necessary tie up with Nagaland Bamboo Development Agency (NBDA), adding that such initiatives would also stimulate local employment.
Ging a brief highlight of the project, M/s Hutah Industries CEO & CFO Aditya Pandit, said that the power plant would be a bamboo fired plant. He said that raw material would be grown within the project area itself and for which 1500 acre of land has already been leased by the firm for 25 years. Pandit also informed that the project would be completed within 24 months from the date of signing of the PPA.
He further stated that the project was a collective commitment to harness renewable energy and shape a more sustainable future for the State of Nagaland.
In his brief address, engineer-in-chief (power) stated that several PPAs were earlier signed by the power department but “unfortunately” the IPPs were not showing progress in the field.
He expressed hope that present PPA with M/s Hutah Industries would be a trend setter for a new beginning of successful project.
PPA signing programme was chaired by chief engineer (T&G) Er. Penrithung Yanthan, Kohima Baptist Pastor’s Fellowship (KBPF) president Rev. Vezopa Rhakho, gave the invocation and the vote of thanks was proposed by additional chief engineer (T&G) Er. Kasho Chishi.
