Web Exclusive | November 2012
Odisha due to pay Rs 700-cr power bill to Vedanta
The Odisha government is due to pay Rs 700 crore to Vedanta Group towards cost of power drawn from the company's thermal unit at Jharsuguda, the company said on November 1.
Vedanta Group Chairman Anil Agarwal said that the company want the Odisha government to pay it Rs 700 crore soon towards the power bill. He told this to the media after meeting the State Chief Minister Naveen Patnaik.
Stating that Sterlite, the company's sister concern, set up a thermal power plant at Jharsuguda by investing Rs 10,000 crore, Agarwal said the State government was being supplied 25 per cent of the total generation of electricity. The capacity of Vedanta's power plant at Jharsuguda is 2,400 mw.
Agarwal said that power cut in Odisha could be avoided due to supply of power from Jharsuguda plant. Gridco Corporation of Odisha, state's bulk power supplier, and Sterlite had entered into power purchase agreement on condition that the State government would purchase electricty at the rate of Rs 2.50 per unit.