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The MoU entails the setting up of a 1320 MW coal based thermal power plant at Turla at an investment of Rs5604crore

Sahara India Power Corporation Limited (SIPCL) has signed a memorandum of understanding with the Orissa government for setting up a 1320 MW (2x660) coal-based thermal power plant in Turla Tehsil of Balangir district, Orissa at an investment of about Rs5604crore.

To be built on an area of 1,500 acres, the first unit of 660 MW of the Turla plant is likely to be commissioned by Feb 2013 while the second unit of 660 MW is expected to be commissioned within 6 to 8 months thereafter. The plant is planned to be set up through joint venture participation with power companies from different parts of the world.

SIPCL will develop fuel based or non conventional power plants using the latest emerging technologies. Sahara Power will set up a 5 MW Grid Interactive Solar Photo Voltaic Power Plant in Dhenkanal District of Orissa at an estimated investment of about Rs125crore.

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The company has already received an in-principle approval from the government of Orissa through Orissa Renewable Energy Development Agency. Sahara Power has tied up with the US-based Solar Integrated Technologies Inc, as its strategic partner for supply and installation of the required plant and equipment.

In addition to this, Sahara Power is also planning to set up 25 MW of wind power projects in Orissa through a reputed wind energy company which has already set up wind masts at 7 locations.

SIPCL has also proposed to set up 2000 MW coal-based power plants in Jharkhand and Chhattisgarh at an estimated investment of Rs8000crore each.

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