BILT plans a power plant in Choudwar, Orissa
Coal, Cuttack, MOUs, Thermal August 2nd. 2007, 3:52pmBusiness standard reports on this. Following are some excerpts.
The Thapar-owned Ballarpur Industries Ltd (Bilt) power outfit BILT Power proposes to set up a 1,200-Mw independent power plant (IPP) in Orissa at an investment of around Rs 6,000 crore.
… BILT Power is expected to sign a Memorandum of Understanding (MoU) with the state government soon.
Funds for the project would be sourced through loans from banks and financial institutions (FIs), of which 70 per cent would be debt and 30 per cent would come in as promoters’ equity.
BILT Power Chief Executive Officer (CEO) Anil Bhargava told Business Standard, “The detailed project report and feasibility study reports have already been submitted to the government. We are just awaiting the government nod to go ahead with the project.”
Bilt Power has already cleared the screening committee process for setting up the plant. Requirements for setting up the IPP has been forwarded to the state government.
The IPP is proposed to be set up in Choudwar on 950 acres. The Thapars already have paper production facilities in the state. They also have a captive power plant (CPP) at Sewa in Koraput district of the state.
Currently, BILT Power aggregates 100 Mw of CPP capacity at Sewa, Yamunanagar in Haryana and two plants each at Pune and Ballarshah in Maharashtra.
These plants have capacities between 25 Mw and 30 Mw each. Bilt Power has applied for allotment of coal blocks at Mandakini in the Talcher Coalfields of Orissa.
S Jagdev, head, corporate affairs, (eastern region), Bilt, said, “About 6 million tonne (MT) of coal would be required annually to feed the power plant.”
December 16th, 2007 at 7:06 am
It’s a very good move the Thapars to Choudwar again.I welcome this project & wish all the best to the Cmpany.
Manoranjan Pattanayak
Instrumentation Supervisor
HINDALCO HIRAKUD POWER LTD.
HIRAKUD.
Native-Charbatia,Choudwar
April 8th, 2008 at 12:46 am
A good initiative that should be taken by all big small industries to set up the IPP to lossen the power burden on govt. and thus decreasing the energy crisis.
August 30th, 2008 at 1:24 am
I welcome this inititaive taken by the BILT management
March 18th, 2009 at 6:25 am
It is a strong move by the company.This will further strengthning the industrial future of the state.Congratulation BILT team and the management.
March 18th, 2009 at 6:29 am
Congratulation BILT .
March 18th, 2009 at 6:38 am
A very positive decission taken by BILT of establishing an independent power plant in the state. This will bring smile to millions who are still waiting for electricity and as well as decreasing load shading.
September 20th, 2009 at 12:23 am
Is this project happening ? I Doubt ? The MoU is yet to be signed and yet no sign of progress on this project . Another much hipped project which is now in cold storage .
August 30th, 2010 at 5:45 am
very bad dicission