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IPPs invest Rs.29,308 crore in Odisha projects
March 1, 2014March 1, 2014by In Power & New and Renewable Energy

IPPs invest Rs.29,308 crore in Odisha projects

Independent power producers (IPPs) have invested Rs 29,308 crore on their proposed coal-based projects in Odisha. The promoters who have spent substantially on their projects are Sterlite Energy Ltd (Rs 8038 crore), GMR Kamalanga Energy Ltd (Rs 5,848.62 crore), Lanco Babandh Power Ltd (Rs 4214 crore), Monnet Power Company (Rs 3200 crore) and Jindal India Thermal Power Ltd (Rs 2,893 crore) and Ind Barath Energy (Utkal) Ltd (Rs 2150 crore). The state government has signed memorandum of understandi