News Brief | January 2013
Monnet Ispat plans to set up 660 MW plant in Odisha
Monnet Ispat and Energy is planning to set up a 660 MW thermal power plant at Angul in Odisha at an investment of around Rs 4,000 crore. Once set up, this facility will take the company's generation capacity to nearly 2,000 MW. Monnet Ispat and Energy's chairman and managing director, Sandeep Jajodia told a leading news agency that the company is implementing a 1,050 MW power project at Angul in Odisha. This should be up and running by June-September, 2013. The company plans 660 MW at the same site. He further said the project entails an investment of Rs 4,000 crore, going by the calculation of Rs 6 crore per MW. Jajodia, however, made it clear that the project is now at a conceptual stage and it has yet to get all the requisite clearances for setting up the plant.