The construction to financial services Indian multinational, L&T’s Nabha Power Ltd, has for the second consecutive year made it to the final round of S&P Global Platts Global Energy Awards 2020 under the category ’Award of Excellence-Power’.
NPL competed with various global power giants and has been selected as one of the finalists for its outstanding achievements in operational excellence, innovation and sustained plant performance.
S&P Global Platts is a division of S&P Global, headquartered in London. It is the world’s foremost rating agency and benchmarks the global capital and commodity markets. It has a 150-year old history and is a trusted source of information to the business community for bringing transparency and cutting-edge research and analytics to markets worldwide.
Elated by the achievement, Spokesperson, Nabha Power said, “It’s a global recognition of NPL’s performance, which remains par excellence. We shall continue to strive to beat the best and it has been internalised goal of L&T at large to be the best in whatever we do.”
Recently, NPL also won two prestigious awards at the 21st national award ceremony for ‘Excellence in Energy Management’, hosted by the industry chamber, the Confederation of Indian Industry (CII). NPL was adjudged as the ‘National Energy Leader 2020’ for its progressive performance for the second consecutive year in energy management.
Nabha Power also received an excellent energy efficiency unit award for outstanding achievements in the energy efficiency category. The plant received this award for the fourth consecutive year.
In the past, NPL won The Best IPP Award for three consecutive years at the ‘High Efficiency and Sustainability Leadership Awards’ hosted by Peabody, US, and the National Energy Conservation Award, BEE, from the Union Ministry of Power, India.
NPL is owned by L&T and operates a 2×700 MW thermal power plant in Rajpura, Punjab. The plant is based on supercritical Japanese technology. It was commissioned in February 2014.
NPL has supplied more than 48,000 million units (MU) to Punjab State Power Corporation (PSPCL) and has been one of the highest contributors to meet Punjab's demand for power by operating at the average plant load factor (PLF) of 73 per cent, beating the national average of 55 per cent by a huge margin.
It remains at the top of the merit order among the thermal plants within the state because of its quoted heat rate of 2268 Kcal/KWh and one of the cheapest variable cost of power 2.91 Rs/unit, despite being located at a distance of 1,500 km from the mine source. It is also recognised for providing the cheapest power to PSPCL among all IPPs in the state.