Punjab Cabinet nod to redevelop land of closed thermal plant in Bathinda
The plant was shut down in 2018
The Punjab Cabinet has sanctioned approval for redevelopment of 1,764 acre of the now-closed Guru Nanak Dev Thermal Power Plant in Bathinda.
Following the decision, the land, belonging to the Punjab State Power Corporation (PSPCL), will now be acquired by the Punjab Urban Development Authority (PUDA), under the Department of Housing and Urban Development, through 80:20 revenue sharing scheme.
PUDA was also allowed by the Cabinet to raise loan up to Rs 100 crore for development and sale of the site with the state guarantee.
The plant was shut down in 2018 as per modalities worked out by a sub-committee set up on 24 August 2017, for closure of the state-owned thermal plants in view of the Central Electricity Agency (CEA) guidelines to retire non-viable thermal power plants that have exceeded 25 year lifespan.
Subsequently, another Cabinet sub-committee was set up on 18 May 2020 with the Housing and Urban Development, the Industries and Commerce and the local government ministers as members to work out the modalities of the redevelopment of Bathinda plant land.
The state government decided to redevelop the site to bring prosperity to the area by maximising direct and indirect employment generation opportunities.