Karnataka

L&T out of Karnataka's Chattisgarh thermal plant


From Our Special Correspondent
Daijiworld Media Network - Bangalore

Bangalore, Aug 28: With the Centre asserting that it would not allot coal to thermal power projects involving private companies, Karnataka has decided to drop private sector Larsen &Tourbro (L&T) from implementing its 1600 mw thermal power plant in Chattisgarh.

The State-owned Karnataka Power Corporation Ltd and L&T had signed an agreement to implement the Rs 9,015 crore power project in Chattisgarh.

The joint venture agreement for implementing the coal-based super critical thermal power project at Godhna in Chhattisgarh between KPCL and L&T was signed on February 24, 2010. An agreement was entered with the Central public sector undertakingPower Grid Corporation of India in 2011 for evacuation of power.

However, after the Centre’s decision not to allot coal for the project involving private firm (L&T), the State Government has decided to sign a fresh MoU with the Centre for implementing the project.

Under the proposed plan, the State and Centre would share power in the ration of 51: 49, according to Karnataka’s Energy Minister D K Shivakumar.

TheChhattisgarh Government had allotted 1,260 acres for the project, which was initiated during the BJP regime headed by B S Yeddyurappa.

Karnataka has already spent Rs 210 crore for land acquisition.

Shivakumar, who met the Union Power Minister PiyushGoel, said Karnataka was keen on implementing the project due to the chronic power deficit in the State.

However, a formal decision on axing L&T from the project would be discussed at the KPCL board meeting and subsequently approved at the State Cabinet meeting, the minister said.


Leave a Comment

Title : L&T out of Karnataka's Chattisgarh thermal plant


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image