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Korba Power to award project contract by March 2008
ProjectsToday: Korba Power is likely to award, by March 2008, the EPC contract for setting up a 600 mw (2x300 mw) coal-based power unit in Raigarh district of Chhattisgarh. Among the applicants to the tender floated in October last year, three have been shortlisted for awarding the construction job. The tender was floated for developing full facility excluding offsite (water pipeline, railway siding, transmission line etc.) on EPC basis.
The power plant will require around 600 acres of land and the acquisition process is underway. Speaking to ProjectsToday, a company official informed that financial closure for the project is expected to achieve by mid- 2008. The company has not yet signed PPA.
Projectmonitor (21-Jan-08)