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Friday, Sep 22, 2006

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Orissa ties up with pvt cos for 11 power plants

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Bhubaneswar , Sept. 21

The Orissa Government has decided to sign a memorandum of understanding with various private companies, including Reliance Energy Ltd, for setting up 11 thermal power plants in the State. The agreements will be signed here on September 26.

The 11 power projects would involve an investment of over Rs 63,000 crore to produce 15,920 MW of power. Most of these projects would come up in the districts of Jharsuguda and Angul.

The project proposals were cleared by a high-level authority on Wednesday. The meeting was chaired by the Chief Minister, Mr Naveen Patnaik.

Apart from REL, the other companies that will sign agreements with the State government include CESC, Tata Power Ltd, Sterlite Energy Pvt Ltd, Essar Power, Visa Power, Jindal Photofilms and Lanco Group.

Employment generation

According to government officials, the 11 projects would generate direct employment for 15,000 persons and indirect employment for 30,000. The State is likely to accrue Rs 2,400 crore revenue from these projects.

The State Government has specified that 25 per cent of the power produced at these plants would be reserved for Orissa and a fee of 6 paise per unit would be levied on the power sent to other States.

REL plans to set up a mega power plant to produce 12,000 MW of power. The company will however sign an MoU for a 4,000-MW plant in the first phase.

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