| Ispat Industries Limited will set up a 1200 Mw power plant in Chhattisgarh with an investment of Rs 5300 crore.
|
| |
| The company sealed a tripartite pact with the Chhattisgarh government and Chhattisgarh State Electricity Board (CSEB) to foray into power sector.
|
| |
| The director of Ispat Industries Limited, Anil Sharma, signed the Memorandum of Understanding (MoU) on behalf of the company, while the Principal Secretary (energy) with the state government Vivek Dhand represented the state and CSEB Secretary Vimal Jain the state power board.
|
| |
| Besides Ispat Industries, 11 other firms including Kolkata-based Visa Power Limited (VPL) also entered into agreements with the state government to set up power plants. In all, the 12 companies will invest Rs 34,130 crore to generate 7340 Mw of power from units in Chhattisgarh.
|
| |
| The executive director of VPL, Ravindra Bose, signed the MoU in presence of VPL chairman Vishambhar Sharan to set up a 600 Mw power plant with an investment of Rs 2600 crore. Chhattisgarh chief minister Dr Raman Singh along with senior state government officials was present on the occasion. Under the agreement, the companies will provide 7.5 per cent of the total power generated to the state government at variable cost.
|
| |
| The state government will also have first purchase right on 30 per cent power generated by the companies.
|
| |
| Other companies which expressed interest to investing in the power sector in Chhattisgarh included DCM Sriram for a 600 Mw plant at an investment of Rs 2700 crore.
|
| |
| The Bangaluru-based GMR Energy Limited proposed to invest Rs 4500 crore for a proposed 1000 Mw power plant.
|
| |
| The Hyderabad-based Lenko Amarkantak Power proposed to set up two units of 600 Mw and 300 Mw at an investment of Rs 5500 crore while Mahavir Global Coal of Nagpur said it would put up a 540 Mw power by investing Rs 2250 crore. |
| |
|
| |
Content Guide
