State inks MoU with JSL for 1320 Mw power plant

The Orissa government today signed a memorandum of understanding (MoU) with the Ratan Jindal owned JSL Ltd (formerly Jindal Stainless Ltd) for setting up of a 1320 Mw super critical plant with Independent Power Producer (IPP) status at Luni in Dhenkanal district.

The project envisages an investment of Rs 7375 crore and it is expected to generate direct and indirect employment for 2600 persons.

The company has sought allotment of 2000 acres of land through the Industrial Infrastructure Development Corporation of Orissa (Idco).

Energy secretary, Pradeep Kumat Jena and resident director of JSL, Rajdeep Mohanty signed the documents in the presence of the chief minister, Naveen Patnaik. This would be the second major project of the company in the state. The company is currently setting up a 1.6 million tonne integrated stainless steel plant at Kalinganagar. With this, the total projected power generation from the projects for which the state government has singed MoUs has increased to 32,420 Mw.

Speaking on the occasion, the chief minister said, the thermal power plants should adopt clean technology like coal beneficiation to reduce emission of carbon di-oxide. Besides, there is a need for improving the boiler efficiency by these units.

Urging the project proponents to focus on improving the human resources capacity in the state, Patnaik advised the energy department to establish a Power Management Institute (PMI) with participation of the MoU signed IPPs to promote disciplines like energy engineering, electrical engineering and energy management.

Energy minister, Atanu Sabyasachi Nayak said, the government expects the IPPs to be able to generate 2400 Mw by the end of this year and 6450 Mw by the end of 2012-13.

Ratan Jindal, vice-chairman and the managing director, JSL Ltd said, the group is producing about 4000 Mw power at present. This is likely to increase to 12000 Mw by 2012-13, which would put the company among the major power producers in the country.

Referring to the 1.6 million tonne per annum integrated stainless steel project being set up at Kalinganagar, he said, the first phase of 0.8 million tonne would be commissioned by the end of this year. Chief secretary Tarunkanti Mishra and other senior officials were present on the occasion.