NEEPCO to invest Rs 944 cr on 200 Mw solar plant in Odisha

Mini-ratna central PSU North Eastern Electric Power Corporation Ltd (NEEPCO) has proposed to invest Rs 944.85 crore in Odisha to set up a 200 mw solar power plant. The proposed unit is scheduled to start operations in December 2019.

NEEPCO’s proposal was cleared on Saturday by the State Level Single Window Clearance Authority (SLSWCA).

In total, the body approved investment proposals worth Rs 1,325 crore. Besides NEEPCO, SLSWCA cleared projects proposed by Chettinad Cement Corporation and Ramky Enviro Engineers Ltd. With the required approval from SLSWCA in place, Chettinad Cement Corporation will establish a green field cement grinding project with a capacity of two million tonnes per annum (mtpa) at Kalinga Nagar Industrial Complex in Jajpur district with an investment of Rs 231.84 crore. Headquartered in Chennai, Chettinad Cement is one of the pioneers of cement Industry in the country.

Ramky Enviro Engineers Ltd has offered to set up an integrated common hazardous waste treatment, storage and disposal facility at Katikela in Jharsuguda district with a total investment of Rs 148.63 crore. The company has another unit in Jajpur which is already operational in addition to 14 similar facilities with various capacities in different parts of the country.

Sanjeev Chopra, principal secretary with the Odisha industries department said, “It has been our endeavour to make Odisha a business-friendly destination by bringing in key business reforms, developing global infrastructure and establishing sector specific clusters across the state. I am pleased to see that these progressive steps taken by the state government have been able to create an ideal business ecosystem, allowing existing industries to flourish while encouraging companies across the country to set up their operations in Odisha.”

Following the success of Make in Odisha Conclave in Bhubaneswar and Investors Meet in Mumbai and Bengaluru last year, Odisha has already approved investments proposals worth more than Rs two lakh crore, which are at various stages of implementation. The combined investment intents at the three events total to Rs 3.6 lakh crore.