The Adani group will start work on its 1,600 MW ultra mega power project (UMPP) in the state in June, a top state official said.
The Gautam Adani-led conglomerate has committed Rs 20,000 crore in various projects, including the ultra mega plant at Godda, during the just-concluded Momentum Jharkhand investment summit.
"We have completed the land acquisition process for the Adani's ultra mega power project in the state and are in the process of distributing awards to landholders. They (Adani Power) will start work on the project in June this year," Jharkhand Chief Secretary Raj Bala Verma told PTI.
The nearly Rs 10,000 crore ultra mega power project is part of over Rs 3 lakh crore investment commitments made during the summit last month.
The chief secretary said about 1,000 acres of land have been acquired for the Adani Power project. "Once the work starts on the project in June, it will be completed within 18 months," she said.
Earlier asserting that Jharkhand is of strategic importance to the Adani group, Adani Enterprises MD Rajesh Adani has said the group will pump in Rs 20,000 crore in various sectors in the state, including the UMPP.
Adani Power Jharkhand has already signed an MoU for setting up the UMPP.
In the renewal energy space, the group has announced setting up a 500 mw solar power project worth of Rs 3,000 crore. It has also announced an investment of Rs 700 crore in coal block mining, besides setting up an integrated fertiliser complex.
Jharkhand is "confident" that it will actualise more than 80 per cent of the total investment commitments worth over Rs 3 lakh crore by 2019, the chief secretary said.
Adani's project is part of the investment commitments through which the state is aiming to generate 3 lakh jobs.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)