Sahara bets big on Orissa

Jul 26, 2010 |

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Bhubaneswar, July 26: Sahara India Power Corporation Limited (SIPCL) will invest Rs 8,000 crore on its proposed 1,320 MW power project in Orissa’s Titlagarh district.

Commenting on the development, the SIPCL chief executive officer, Mr Ashok K. Bharagava, on Monday said the first unit of the project would be completed by 2014 and the second unit will be made operational a moth later.

The proposed plant will be based on environmentally efficient supercritical technology that will produce 50 per cent less effluents than the limits fixed by the Union ministry of environment and forests.

“This proposed plant will be based on advanced global technology with participation of Korea East-West Power Co. Ltd, a company owned by the Government of Korea. The facility will operate with high pressure and high temperature thereby reducing coal consumption,” he said.

The proposed plant requires 950 acres, and the state-owned Industrial Infrastructure Corporation Limited (IIDCO) has been entrusted with the task of land acquisition.

“What is heartening to note is that there will be no displacement in this area,” the CEO added.

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