Orissa OKs 11 thermal power projects
Published by MAC on 2006-09-20Orissa OKs 11 thermal power projects
BUBANESHWAR, India (Reuters)
20th September 2006
The Orissa government on Wednesday cleared 11 thermal power projects with a total capacity of 15,920 megawatt, entailing an investment of about 625 billion rupees.
The projects cleared include those of Reliance Energy Limited, CESC Ltd., Tata Power Company Limited and Sterlite Energy Private Limited, the eastern state's energy minister, Suryo Patro, told reporters.
Reliance Energy plans to set up a 4,000 MW thermal power plant in Jharsuguda district at an investment of 162.36 billion rupees, while CESC plans a 1,000 MW plant at a cost of 40.42 billion rupees.
Tata Power plans to set up a 1,000 MW plant, while Sterlite Energy will set up a 2,400 MW plant.
The other power ventures are those of Bhushan Energy Private Limited, Essar Power Limited, Visa Power Limited, Jindal Photofilms Limited, Lanco Group, KVK Nilachal Power Limited, and Monnet Ispat & Energy Limited.
The memorandum of understanding for the projects would be signed on Sept. 26, Patro said.
The companies will offer 25 percent of the power generated by them to the state and will pay the state 6 paisa per unit of power sold outside. The state will purchase the extra power beyond 80 percent plant load factor at variable cost.