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| Arun Bapat (left) and Bimal Kirti Singh exchange files after the agreement was signed between Tata Power and the government in Ranchi on Tuesday. Picture by Prashant Mitra |
Tata Power today signed an MoU with the state energy department to set up a 1,980MW thermal power plant at Tiruldih in Seraikela-Kharsawan at an estimated cost of Rs 1,200 crore.
The pact comes close on the heels of the cancellation of 13 MoUs by the state government last month, that had pledged an investment of Rs 80,000 crore to set up power plants in Jharkhand.
A total of 28 MoUs were signed between 2006 and 2008 to set up power plants, of which 13 were cancelled after the state decided that they were signed only to corner mineral resources as entrepreneurs had failed to initiate any work on the projects.
Today's agreement was signed by Bimal Kirti Singh, principal secretary in the energy department and Dinabandhu Santra, Tata Power Jharkhand project head. Hanuz Mistry, company secretary and Arun Bapat, legal head of Tata Power, were also present.
The plant at Tiruldih is the outcome of this month's visit to Jharkhand by Tata Sons chairman Ratan Tata and his successor designate Cyrus Mistry. The plant will comprise three units, each with an installed capacity of 660MW.
Santra said 25 per cent of all power generated would be given to Jharkhand.
Santra said work on the plant would commence in the first quarter of next year. The first unit would begin operation in 44 months. The second and third units would commence operation at intervals of six months each.
"The Tiruldih plant would generate between 1,000 and 1,200 jobs. We have already procured 300 acres for the project. We need another 200 acres," he said.
Referring to the Maithon Project, Santra said a power purchase agreement was being finalised to ensure that 25 per cent of the generation was earmarked for Jharkhand.
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