Tata Power Signs MoU With Government Of Chhattisgarh For 1000 MW Mega Power Project

Tata Power Company Ltd on January 24, 2007 has announced that the Company has signed a MoU with the Government of Chhattisgarh for the setting up of a 1000 MW coal fired mega power plant in the State. The project is estimated to entail an investment of Rs 5000 crores and will require approximately 1200-1300 acres of land. On the basis of preliminary feasibility study, a suitable site in the Raigarh district of the State has been identified. The Company is now in the process of carrying out a detailed feasibility study for the project.The Government of Chhattisgarh has actively sought private sector participation towards improving infrastructure and taking substantial initiatives towards economic progress of its people on the back of inherent natural advantages of the State. To this end, the State has sought to provide comprehensive cooperation to Tata Power in acquiring necessary clearances and approvals that fall under the purview of State Government and also facilitate the allotment of captive coal mining facilities for necessary coal linkages. The power from this Independent Power Project will be sold substantially to distribution Companies in the aforesaid region.