The National Thermal Power Corporation (NTPC) will give 2,000-Mw of power to Chhattisgarh at a nominal price from its proposed 4,000-Mw power project in Raigarh district.
The state government and the largest power producer of the country inked an agreement yesterday to this effect. Under the deal, NTPC will sell 2000-Mw of power to Chhattisgarh government at Rs 2.50 per unit from its 4,000-Mw Lara power project.
The project, with have super critical technology, will have eight units of 800-Mw each.
The project is scheduled to be completed and commissioned in the 12th five-year-plan by 2017. States and Union territories of the Western region will be the beneficiaries.
NTPC had signed a Memorandum of Understanding (MoU) with the Chhattisgarh on July 12, 2009 for the Lara power project in the coal-rich pocket of Raigarh district, about 300 km north-east of Raipur.
The company has already been allotted a coal mine in the area.
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The development of the mine is in progress.
As per the MoU, the NTPC will sell 50 per cent of power generated in the Lara project to the state. The condition to get half of the power produced in the project was put by the government in return for land and water it would give for the construction of the plant.
The agreement to sell 2,000 Mw power from the project to the state was finally sealed yesterday.