Someone on this site (forgive me for not looking up the name) made a very nice center drilling attatchment that went into a large boring tool holder.
I run it with a motorcycle battery but and 12 volt would work fine.
I just tested it and it draws 2.5 amps drilling. If you drill with more force than what would seem normal it draws 3.5 amps. If you hold your hand on the chuck and realy slow it down it draws 10 amps.
you could use the power supply unit from an PC, they usually can deliver this current