By IANS,
Raipur : The Chhattisgarh government said Saturday that it will sign an agreement with a Karnataka firm Monday to set up a 1,200 MW thermal power plant in the state’s coal-abundant northern region.
“Karnataka Power Corp Ltd (KPCL) will sign a memorandum of understanding with the Chhattisgarh State Electricity Board (CSEB) Sep 8 at Raipur,” Chhattisgarh Industry minister Rajesh Munat told IANS.
He added that plant would be commissioned latest by 2012.
M.B. Jayaram, general manager of KPCL’s corporate communications, told IANS from Bangalore on phone that the company would invest around Rs.60 billion to set up the project.
The Chhattisgarh government will ensure early allocation of land and coal linkage for KPCL under the state’s industrial policy.
Karnataka Chief Minister B.S. Yeddyurappa, Energy Minister K.S. Eshwarappa, Chhattisgarh Chief Minister Raman Singh and several of his ministerial colleagues besides senior officials from both side will be present at the function in a hotel here.
The plant will come up in the state’s northern region, where India’s leading coal producer South Eastern Coalfields Ltd has dozens of coal mines.