Tuesday, February 10, 2009

Sahara Power to set up 1,320 Mw project in Orissa

Businessstandard, Feb 10, 2009
Press Trust of India / New Delhi February 09, 2009, 20:52 IST

Sahara group firm Sahara India Power Corporation today said it would set up a 1,320 Mw coal-based thermal power project in Orissa.

"Sahara India Power Corp would set up a 1,320 Mw coal-based thermal power plant at Balangir in Orissa at an investment of Rs 5,604 crore," a company release said.

To be built on an area of 1,500 acres, the first unit of 660 Mw capacity would commission in about four years. The second unit is expected to be commissioned in nearly five years time, it said.

The plant would be set up through joint venture participation with power companies from different parts of the world, the release said.

The company would also develop non-conventional power plants using the latest and emerging technologies. It would set up a 5 Mw Grid Interactive Solar Photo Voltaic Power Plant at Dhenkanal in Orissa at an investment of Rs 125 crore.

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

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.

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