Chennai: Central public sector company Neyveli Lignite Corp Ltd (NLC) has signed a memorandum of understanding with state-owned Uttar Pradesh Rajya Vidhyut Utpadan Nigam Ltd (UPRVUNL) to set up a power project in the state at an estimated investment of Rs 14,858 crore.
A joint venture company between NLC and UPRVUNL will set up the 1,980-Megawatt (3x660 Mw) coal-based super critical thermal power station in Ghatampur, Kanpur Nagar, in five years.
The capital investment of Rs 14,858 crore would be shared in the ratio of 51:49 by NLC and UPRVUNL.
The Cabinet Committee on Infrastructures of the Central government had approved the joint venture, NLC-UPRVUNL Power Ltd, in April 2012.
Subsequently, the Uttar Pradesh government approved the venture on September 25.
The feasibility report, environment impact assessment (EIA) and environment management programme (EMP) of the project are under preparation. The ministry of coal has been approached for allocation of coal blocks for the project.
The state government has already accorded clearance for land acquisition of 2,500 acres and has given allocation of 80 cusecs of water for this project.
As per he Gadgil’s Formula being followed by the Central Electricity Authority, Uttar Pradesh will get 64.39 per cent of power produced from this plant, which will work out to 1,275 Mw. The state government, however, has asked for 75 per cent of power generated from this plant.
The project is being set up in a comparatively backward region of the state, which will also generate employment opportunities and help the overall development of the area. Reliable and quality power would be available as the project is located close to power load centre, said an NLC release.
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