Web Exclusive | June 2017
mjunction offers services for India’s ageing power plants
Out of India’s 396 power plants, 188 are past the 25-year mark – the ideal economic life, with most of them in fact inching towards the 40-year mark, research conducted by B2B e-commerce company mjunction has revealed.
After power utilities cross their ideal economic lives, they become inefficient and cost of producing per unit of power increases. In a developing country like India, where demand for power is increasing, this increase in cost of producing power also contributes to rise in power tariff. These power utilities are required to be decommissioned like developed countries and disposed using the right approach and qualified domain experts.
mjunction has stepped in with an efficient e-solution for disposal using their experience and domain expertise. The service is initiated by on-site inspection, inventorying, segregation and estimation – all of which culminate into an online sale to qualified and credible buyers which fetches the optimum price for the power plant. Commenting on the same Vinaya Varma, CEO, mjunction said: “Our focus is on transparency and price discovery of such assets, which are not only economically unviable but also a hazard for the environment.”
The inspection and estimation services entails visiting the plants, segregating the items into scrap, assets that can be refurbished, unused assets and hazardous items. It also involves inventorying the assets and sorting them it onto various categories based on its type and use. This service not only helps to recognize the life cycle time of the machineries but also identifies the hazardous items.