New Power Projects Approved in India

By admin • August 11th, 2010

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The state of Orissa in India has been approved of 4 new power projects at 1320 mw each, worth an estimated Rs 40,000 crore. The government of Orissa announced the approval of the new projects which include; KU Projects who will invest Rs 7,260 crore into its power plant at Sonepur, NSNL Nagapattinam Power with an investment of Rs 8,900 crore project at Angul, SPI Ports power plant with an investment of Rs 6,600 crore at Mahakalpara and Kalinga Energy & Power with an investment of Rs 6,500 crore at Jharsuguda. In addition the NSNL Nagapattinam project is to also include a 300,000 tonne sugar and spindling facility.

The high-level committee who approved these projects also approved Jindal India Thermal Power Limited’s proposal to expand its Dhenkanal power project at with an investment of Rs 8000 crore and Ind Bharat Limited’s proposal to improve their Jharsuguda power project with an Rs 3,300 crore expansion.

With India growing at an exceptional rate and one of the leading emerging markets, it is inevitable that more projects to produce more power will be approved in order to satisfy demand and maintain growth.

In addition to power projects, other projects have also been approved from companies such as ACC Cement Limited, Bhusan Steel, Aditya Aluminium, Vedanta Aluminium Limited and Hindalco’s Hirakud. The approval of these projects is also evidence of the growing demand for materials for India’s ever growing economy.

International Government Affairs & Corporate Relations Consultants for Emerging Markets

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