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Madhya Pradesh signs MoU with 28 firms

Tuesday, 14 Sep 2010
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The Madhya Pradesh Government has inked MoUs with 28 private power companies, with an aim to supply 24-hour electricity to rural areas in the state by 2013.

The state government has set a target of 24-hour power supply to rural areas and for this purpose it has already signed agreements for the generation of 40,000 MW of electricity.

The state has also formulated a new Madhya Pradesh (Investment in Power Generation Projects) Policy, 2010, for the purpose and assigned the job of monitoring the progress of implementing the MoUs to the State Energy Secretary. The policy will be applicable to Independent Power Projects (IPPs) with whom MoUs have been signed and also the future IPPs. It has also set a timeline of 6-12 months for submitting DPR, comprising of technical and commercial feasibility studies, water allocation, land acquisition and environment impact details.

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