Infrastructure Leasing and Financial Services (IL&FS) plans to invest in two power plants in Kutch, comprising 6,000 MW, at a cost of about Rs 35,000 crore.
IL&FS is proposing to build a 4,000 MW coal-based power plant with an investment of Rs 28,004.65 crore, while a 2,000 MW gas-based power plant will be set up at a cost of Rs 7,187 crore.
A multi-product Special Economic Zone at Kutch and two power generation facilities combining 6,000 MW capacities in the SEZ have already been planned by the company.
Gujarat Maritime Board, government of Gujarat, has already approved the agreements of IL&FS for the development of the Shipyard, Captive Jetties and LNG Terminal at Nana Layja and also for the development of SEZ and Free Trade and Warehousing Zone (FTWZ).
The project site is located at the mouth of the Gulf of Kutch and is 95 km from Kandla Port and 65 km from Bhuj.