Patratu power plant Jharkhand gets nod from MoEF

The MoEF has given environment clearance to phase I of the proposed Patratu Super Thermal Power Plant in Ramgarh to set the ball rolling for civil works soon and likely production by 2021.

Flipkart IN

The power plant undertaken by Patratu Vidyut Utpadan Nigam, a joint venture between Jharkhand Bijli Vitran Nigam and National Thermal Power Corporation, is proposed in two phases -3x800MW and 2x800MW – making its total capacity 4,000MW.

The entire power project is said to cost around Rs 16,000 crore, with NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... financing it and the state participating in a cashless equity while providing land and water linkages.

On Monday, Rahul Purwar, managing director of state’s power generating and distribution companies Jharkhand Bijli Utpadan Nigam and Jharkhand Bijli Vitran Nigam, said with the environment clearance, Bharat Heavy Electricals Ltd roped in by the joint venture company could start constructing the plant’s first phase.

In May 2015, the state and NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... signed an MoUA memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement... to set up this 4,000MW plant in Patratu to replace the existing ailing 840MW one after which the JV Patratu Vidyut Utpadan Nigam was floated in October that year. In it, Jharkhand Bijli Vitran Nigam holds 26 per cent stake and NTPCNational Thermal Power Corporation Limited, is an Indian Public Sector Undertaking, engaged in the business of generation of electricity and allied activities. It is a company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the act. The headquarters of the company is situated at New Delhi. NTPC's core business is generation and sale of... the rest.

The ailing Patratu plant shut this January.

Purwar added that the state was also exploring options on the semi-built power plant in Chandwa, Latehar, once owned by Abhijeet Group. Recently, Mumbai-based Assets Reconstruction Company (India) Ltd (Arcil), which acquired the properties of the plant to auction/sell them and repay loans of over Rs 5,000 crore to a consortium of banks and financial institutions, told the state they had not yet found bidders/buyers.

Input from: The Telegraph

Leave a Reply