Reliance Energy has proposed to set up a 12,000
MW thermal power plant at Hirma in Jharsuguda district of Orissa at an
investment of Rs.48,000 crore. The company has proposed to put up the plant in
two phases. In the first phase, the company intends to set up six units of 660
MW each at a cost of about Rs.18,000 crore.
According to sources, this development was a
revival of the company's old proposal to set up a 4,000 MW power plant at Hirma.
The earlier proposal was submitted to the state government in the mid-1990s and
the company had then tied up with Hong Kong-based Consolidated Electric Power
Asia Ltd (CEPA) to set up the venture. However, the project did not move forward
owing to delays in the finalization of power purchase agreements with different
states. Later, CEPA withdrew from the project, further hindering its progress.
In the new proposal, the company has scaled up
the proposed capacity three fold to 12,000 MW.
Reliance Energy's is involved in Orisssa’s power sector as can be
seen through its three electricity distribution firms-Nesco, Wesco and
South-following its acquisition of BSES.