The boards of Steel Authority of India and Damodar Valley Corporation are expected to formally clear by end-August 2006, a 500 MW greenfield power project to be set up in Jharkhand by a 50:50 joint venture between the two companies -- Bokaro Power Supply Co (P) Ltd.

The board of BPSCL has already  cleared the project in January 2006 and Mecon, the project consultant, has prepared the detailed feasibility report, it is learnt. The Rs.2,200 crore project involves setting up of two coal-based 250 MW power units at Bokaro in Jharkhand. Land, measuring around 750 acres, has been identified.

The project would meet the energy requirements of Bokaro Steel Plant and Durgapur Steel Plant (West Bengal) -- two of the four integrated steel plants of SAIL -- and also of Indian Iron & Steel Co, now a subsidiary of SAIL.

BPSCL, incorporated in 2002, currently has a 302 MW waste-heat based power plant located in the Bokaro Steel Plant premises.

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BPSCL approves 500 MW power plant in Jharkhand (14-Jan-06)

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