Rs 12 crore paid for power plant | india | Hindustan Times
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Rs 12 crore paid for power plant

india Updated: Oct 01, 2006 16:31 IST

THE STATE Government has paid a sum of Rs 12 crore to the Ministry of Power as committed advance for the ambitious Sasan Ultra Mega Power Plant. The plant is to come up in Sidhi district of the State.

All states, where these projects are proposed, have been asked to give Rs 1 crore per 100 mw as committed advance for the six SPVs, already formed by the state-run Power Finance Corporation for these projects.

The money will be used for an early acquisition of land and coal mines. About Rs 20 crore will be contributed by the PFC for the same purpose and the money contributed by the beneficiary states and the PFC will be returned to them by the successful bidders.

Talking to the Hindustan Times, Secretary, Energy, Sanjay Bandhopadhya, said the State already paid Rs 12 crore as per Power Ministry’s formula. “The Madhya Pradesh Government was allotted    1200 mw from the proposed project, for which the required money was already paid,” he added.

As the allotment of power was rescheduled from 1200 mw to 1500 mw a couple of days before, the State would pay the additional amount soon, he added.