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Ispat to build 1980MW Jharkhand power unit
Tapan Chakravorti / Kolkata/ Ranchi July 4, 2008, 0:35 IST

Ispat Industries Limited has signed a memorandum of understanding (MoU) with the Jharkhand government for a 1980MW coal-based power plant having six units, each with a capacity of 330 MW at Govindpur-Kara area in Khunti district with an investment of Rs 8,000 crore. The MoU was signed by the Ispat Industries vice-chairman Vinod Mittal and the energy secretary of state government Aditya Swarup.

According to president (legal) of Ispat Industries, Hemant Kumar, Ispat would need 2,000 acres for setting up the power plant.

Jharkhand assured help to expedite the process of land acquisition and coal block allocation. Ispat had a 3.5 million ton steel plant at Dolvi in Maharashtra and smaller steel plants at Nagpur in Maharashtra), Balasore in Orissa) and Nalagarh in Haryana.

The Ispat Industries team called on the state industries secretary K R Khandelwal to get assistance from the Jharkhand government for setting up a commercial production unit.

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