Orissa govt to set up new thermal power plant

Orissa government will set up a 2,000 mw thermal power plant at an investment of Rs 8000 crore at Rengali in Angul district.

Orissa government will set up a 2,000 mw thermal power plant at an investment of Rs 8000 crore at Rengali in Angul district.

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The project, likely to completed by 2014, would be developed by the newly-formed Orissa Thermal Power Corporation Limited (OTPCL), a joint venture of the state-owned Orissa Mining Corporation (OMC) and Orissa Hydro Power Corporation (OHPC), official sources said on Friday.

"Both OMC and OHPC will have equal share in equity for the Rs 8,000 crore project," state Energy Minister S N Patro told PTI, adding 70 per cent of the funds would be met through loans.

Both OMC and OHPC will provide Rs 1200 crore each to start the project making it the second state-owned thermal power unit.

The first thermal power plant at Ib valley was being operated in a joint venture between the Orissa Power Generation Corporation (OPGC) and the US-based Aes Powers.

Patro said the government had already identified land and "The water requirement of the proposed thermal power plant will be met by the reservoir at Rengali," he said.

The coal blocks posessed by OMC and OHPC would be utilised in the thermal power project, he added.