Tata Power Company (TPC) has launched the construction of 125 mw of Jojobera plant, Jojobera to Ramachandrapur with a total investment of Rs 370 crore. The power from this plant, which is expected to be commissioned by October 2005, would be sold to Power Trading Corporation, TPC’s distribution arm in New Delhi and other consumers directly.

The per unit tariff is expected to be Rs 2 and when it would be transmitted to other consumers directly it would be Rs 2.30 - Rs 2.40 per unit.

TPC's managing director Firdose Vandrevala said, "TPC is the first utility to take advantage and implement the provisions in Electricity Act 2003. It will lay 34 kms long dedicated transmission line from Jojobera to Ramachandrapur in Jharkhand. We anticipate that Jojobera will come to be seen as the blueprint for merchant power plants in the country.”

The 370.5 mw Jojobera Corporation, plant generated 1,761 million unit with an overall plant availability factor of 92.8 per cent in 2002-03. The plant currently provides power to Tata Steel and Damodar Valley Corporation. With the commissioning of 120 mw of merchant plant, Jojobera plant’s installed capacity would rise to 427.5 mw.