The National Thermal Power Corporation (NTPC) today signed a Memorandum of Understanding (MoU) with the Chhattisgarh government to set up a 4000-Mw power project in the state.
The NTPC plant that will come up near Lara village in Raigarh district will have five units of 800 Mw each. This will be the first major power project, sources said.
The MoU between the NTPC and the state government was signed in the presence of Union Power Minister Sushilkumar Shinde and Chhattisgarh Chief Minister Raman Singh. The project cost has been estimated at Rs 20,000 crore.
Shinde said that the Lara plant of NTPC would not be Ultra Mega Power Project. But it would be producing 4000 Mw of power. The plant would be set up with super critical technology and hence would be environment friendly. The Union Power Minister said as per the condition put by the Chhattisgarh government, the NTPC would give 50 per cent power to the state.
“The state government had put the condition in return of the land and water it will give to the NTPC for the plant,” Shinde said. The Chairman-cum-Managing Director (CMD) of NTPC, R S Sharma said that the Lara power plant would be one of the best plants in the country with most modern technology. He said the construction work of plant would start soon and was scheduled to be completed during the 12th Plan. The beneficiaries of this project would be the states and union territories of the Western region.