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POSCO, OPTCL sign deal to draw power

January 23, 2010 Leave a comment

POSCO India, which received Stage II clearance from the MoEF for its 12 million tonne steel plant at Jagatsinghpur in Orissa, recently signed an agreement with Orissa Power Transmission Company (OPTCL) to receive 24 MW power.

The power is to be utilised by POSCO for its construction activities at the plant site near Paradip as it has initiated various activities including infrastructure development to expedite the project work.

After making detail design and getting approval from OPTCL, the company is likely to begin the tower construction work to draw this power and the power supply will be operational from March 2012.

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Categories: Power Tags: , , ,

OPTCL plans major investment on power infrastructure

December 19, 2009 Leave a comment

Orissa Power Transmission Corporation (OPTCL) is expected to infuse Rs 2,000 crore on projects for improvement of the power infrastructure in the state on a priority basis in next three years.

The consultants of Power Grid Corporation of India (PGCIL) and Rural Electrification Corporation (REC) may be roped in for preparation of DPR for such works.

PGCIL and REC are exploring various options of raising funds for the purpose. Also, it is mulling on a possibility of adopting the PPP model for investment in the transmission sector.

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