KORBA, MAR 26: Bharat Aluminium Co Ltd (Balco) will install a 1200mw power plant here at a cost of Rs 4,800 crore, taking up an important role in making Chhattisgarh a power hub.
The state had surplus power when it was created, but faces a shortage now with the rapid growth of heavy industry.
With Chhattisgarh regarded as the most suitable location in India for power projects because of its large coal reserves and abundant water supply, chief minister Raman Singh is trying to make the state a power hub.
The Chattisgarh State Electricity Board (CSEB) as well as many private companies are setting up projects.
The chief minister has signed an agreement with Vedanta, the parent of Balco, for a 1200mw plant. The new power plant of Balco will be set up at the vacant land owned by Balco.
Vendanta's chief, Anil Agarwal, aims to invest more than Rs 10,000 crore in Chattisgarh, spanning his aluminium business and power plans.
Balco has drawn up the outline of the project and completed all formalities related to the construction of the plant. The planning is in the last phase and permission is awaited.
The new power plant will use the latest in environment conservation and pollution control. Coal will come mainly from South Eastern Coalfields Ltd. The water required, around 3,400cum, would come from the Hasdeo river. Balco has applied for coal as well as water.
The project is to come up on 430 acres, with the main plant requiring 200 acres. There will be 30-acre green belt around the project area.
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