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Home News Power Sector News Sahara Power signs MOU to set up 1320 MW project in Orissa

Sahara Power signs MOU to set up 1320 MW project in Orissa

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Sahara PowerSahara India Power Corp Ltd, a 100% subsidiary of Sahara India's real estate arm Sahara Prime City Ltd, has signed an MoU with the Orissa government for setting up a 1320 mw coal-fired thermal plant in Orissa. The project investment is likely to be Rs 5,604 crore. The proposed plant in Orissa is planned to be set up through joint venture participation with power companies from different parts of the world.

It will be built on 1,500 acres at Orissa s Turla Tehsil of Balangir district. The Turla plant is planned to commission its first 660 mw unit by February 2013 while the second unit of identical capacity is expected to be commissioned within 6 to 8 months thereafter.

Sahara India Power will develop fuel-based or non conventional power plants using the latest and emerging technologies. The company will set up a 5 mw grid interactive solar photo-voltaic power plant in Dhenkanal district of Orissa at an estimated investment of about Rs 125 crore.

The company has already received an in-principle approval from the Orissa government through the Orissa Renewable Energy Development Agency (OREDA). Sahara India Power has already tied up with the US-based Solar Integrated Technologies Inc (SIT) as its strategic partner for supply and installation of the required plant and equipment.

In addition to this, Sahara Power is also planning to set up 25 mw of wind power projects in Orissa through Wind Energy Company which has already set up wind masts at seven locations. The company plans to proceed with the project once it receives data, gathered by the masts in next 6 to 9 months.

Sahara Power has tied up with Solar Integrated Technologies (USA) for supply and installation of the required plant and

The company is also planning to set up 25-Mw wind power projects in Orissa. It has proposed to set up a 2,000 Mw coal-based power plants in Jharkhand and Chhattisgarh at an estimated investment of Rs 8,000 crore each.

Source - Economic times


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