Web Exclusive | March 2013
Monnet to start 525 mw power plant in Odisha by Sept
Monnet Ispat & Energy's subsidiary Monnet Power Company hopes to commission the first 525 mw unit of its 1,050 mw coal-based power plant in Odisha by September this year. The power project is coming up at Chhendipada near Angul.
Sandeep Jajodia, Chairman and Managing Director, Monnet Ispat & Energy said that the first unit (525 mw) of the power plant will be commissioned by September 2013. The second unit of equal capacity is expected to be operational by December 2013.
The company has already invested Rs 4,000 crore and will be investing another Rs 1,500 crore on this project, Sandeep Jajodia said after meeting the Orissa Chief Secretary BK Patnaik and other top state officials.
Monnet Power had signed an MoU (memorandum of understanding) with the state government in September 2006. The MoU envisaged an investment of Rs 4,500 crore.