Essar Power is planning to set up a
1,000 MW coal-based power unit in Korba district of Chhattisgarh. The project
will entail an investment of Rs.4,000 crore. The company is in talks with state
government to get necessary approvals for setting up the unit.
The power plant will have two units of
500 MW each and will supply electricity to Essar Steel's upcoming 3.2 million
tpa steel plant in Dantewada district. Essar Steel which will require about 300
MW and balance will be sold to Chhattisgarh State Electricity Board.
Work on the power plant is scheduled
for completion by June 2008.
Also See:
Essar Group
proposes greenfield steel plant in Chhattisgarh (05-Jul-05)