It seems that National Thermal Power Corporation Limited (NTPC) as well as Larsen & Toubro (L&T) are interested in picking up stake in the 2,400 MW Power Plant proposed by the Odisha Thermal Power Corporation Limited (OTPCL).
OTPCL, which is a Joint Venture between Odisha Mining Corporation (OMC) and Odisha Hydro Power Corporation (OHPC), is developing a 2,400 MW Thermal Power Project at Kamakhyanagar in Dhenkanal District.
The project is being developed on 1969.78 acres of land out of which 987.77 acres is government land, 83.94 acres is forest and 982.015 acres is private land.
The private land is to be acquired in 10 project affected villages Aluajharana (19.68 acres), Annapurnapur (447.30 acres), Bijadiha (20.81 ares), Bhagirathapur Sasana (15.2 acres), Dhobabaheli (5.89 acres), Kateni (84.24 acres), Kantapala (45.55 acres), Kusumajodi (244.04 acres), Mahulapala (24.98 acres) and Anlabereni (74.32 acres).
The company has got the water allocation from the department of water resources. Recently, the inter-ministerial committee (IMC) on coal had recommended the Tentuloi coal block with 1234 million tonne reserves in favour of the state PSU.
Entire power generated from the proposed power plant will be procured by Gridco, the state owned bulk power purchaser, as per the tariff determined through the bidding process.
The estimated investment outlay for the project is around Rs. 10,000 Crores.
As said by the OTPCL Officials, the company is considering to offload up to 49 per cent stake in the project for which both NTPC and L&T are kin to pick up.
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