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NHPC to sign 3 projects in Orissa within a month: official

Press Trust of India  |  Bhubaneswar 

The country's largest generator is working on setting up three projects in in a joint venture with the state government.

A government official has revealed that the company is likely to sign the agreement in about a month.

"government wanted to include a whole-time director in the company, doesn't want to do that...The issue is likely to get resolved and the company would sign the agreement in a month's time," he said.

The company plans to set up three projects with a combined capacity of 300 MW at Sindol (Sindol I,II,III) near Dhenkanal in Orissa, said the official.
would be the majority partner in the joint venture with 51 per cent stake and the rest 49 per cent would be held by the government.

generation capacity of Orissa stands at 2065.4 MW, Hirakud (331.4 MW), Balimela (360 MW), Rengali (250 MW), Upper Kolab (320 MW), Upper Indravati (600 MW) and Machhkund (54 MW), as per government data.
NHPC has a current power generation capacity of 5,322 MW and the company is planning to augment this capacity to about 10,000 MW by the end of the current Five Year Plan Period (2007-12).

First Published: Tue, July 20 2010. 14:46 IST