Nearly 80 per cent of the land owners in Raigad district in Maharashtra have given their nod to Tata Power for land acquisition for its 2,400 MW coal based power project. The project has been hanging in fire owing land acquisition problems.

The company requires 460 ha for the power project to be developed at an investment of Rs 10,000 crore. The project to be developed in phased manner is expected to have 1,600 MW in Phase I and the remaining 800 MW in Phase II.

The land acquisition is likely to be completed by January 2010 and the company intends to start construction by March 2010. The land acquisition is likely to be carried out under the Maharashtra Industrial Development Act and not under the Land Revenue Act. The MIDC, which is a nodal agency for the industrial development, will acquire land and hand it over to Tata Power.

Also See:

Tata Power raises funds from foreign market (23-Jul-09)