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JSL signs MoU for power plant

Ratan Jindal led JSL on 6 May 2010 signed an MoU with the Orissa Government for setting up of 1,320 MW (2 X 660) Super Critical Thermal Power Plant (SCTPP) at Luni in Dhenkanal district with an investment of Rs 7,375 crore.

As per the MoU, the company is expected to draw water from the Mahanadi river system for the proposed project. The state government is likely to procure 158 to 185 MW from the project at variable cost.

The company requires around 2,000 acre for the project which is scheduled to be commissioned in 55 months from the date of possession of the land.

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