Texas firm in deal with Chhattisgarh

A Texas-based firm, Texas Power Generation, is investing in Chhattisgarh.

The firm will set up a 1,000-MW power plant in the state. According to a government spokesperson, the company will invest $1.28 billion in the project.

"The deal has been signed between the government of Chhattisgarh and the company, in the presence of Chief Minister Raman Singh, in Tampa City of the US on Sunday," said the spokesperson.

According to the pact, Texas Power Generation will set up the power plant and a coal washery, a sponge iron plant, a rolling mill, a captive power plant, an induction thermal unit and a structural mill.

Another US-based company, Global One Inc, has made a proposal for $10-million herbal plant in Chhattisgarh.

Principal Secretary Commerce and Industry Shivraj Singh, on behalf of the state government, and Chairman Vijay Kumar Jain, on behalf of the company, signed the deal.

Singh is in the US to invite investment from NRIs and US businessmen. He made a presentation before NRIs and entrepreneurs on the possibilities of industrial growth in Chhattisgarh. Raman Singh assured Texas Power Generation Company of all assistance.