State to get 100 per cent power from Phase-I capacity of 300 MW
The Orissa Hydro Power Corporation (OHPC) and the National Hydel Power Corporation (NHPC), which had forged a joint venture for taking up 12 hydel power projects in the state, are likely to sign the Memorandum of Understanding (MoU) cementing the tie up on July 8 this year.
The joint venture company will be formed within three months of signing of the MoU. While NHPC will hold 51 per cent stake in the JV company, the balance 49 per cent will be owned by OHPC, an official source told Business Standard.
In the first phase, the JV company will take up three hydel projects with a cumulative capacity of 300 MW. All the three hydel power projects, which will come up on Mahanadi river, include Sindol-I with a capacity of 90 MW at Deogaon; y an inter-departmental technical coordination committee consisting of the members of energy and water resources department.
Though 12 hydel projects were identified for development on the joint venture mode, the number can increase or decrease after close examination during the preparation of the Detailed Project Report (DPR).
The identified locations are Middle Kolab, Tel integrated project, lower Bansadhara, Balijori Hydel Project, Salki Hydel Project, Khadago Dam Project, Uttei Roul Integrated Project, Mahanadi-Brahmani River Link, Baramul Hydel Project, Sindol-I, Sindol-II and Sindol-III projects.