Jharkhand signed power purchase agreement (PPA) recently with Essar Power Jharkhand Limited which is installing a 1,800 MW thermal power plant at Chandwa of Latehar district. The PPA was signed by the company as per its MoU signed in 2007.
In order to set up the power plant, Essar Group was allowed two coal blocks at North Karanpura and Chakla.
The plant will have three units with a total production capacity of 1,88 MW from which the company will provide 450 MW of power to Jharkhand State Electricity Board (JSEB).
Adhunik Power & Natural Resources Limited also designed for setting up four thermal power units of 270 MW each in Kandra of Seraikela-Kharswan district. The company signed PPA with JSEB for supply of 25 per cent electricity to the power board at a fixed tariff.
Abhijit Group - owned, Corporate Power Limited also planned to set up a 1,740 MW power plant near Chandwa with four units of 270 MW each. It will also set up another unit of 660 MW. The PPA is yet to be signed with the state.