Odisha government starts taking back land from failed power projects

Odisha has launched the crackdown on frivolous thermal power producers. The state government has kicked off the process of resuming land from developers of failed power projects.

To secure long-term power security, the state government had signed pacts with 30 IPPs, envisaging generation capacity of 37,000 Mw. Later, two MoUs (memorandum of understanding) signed with Essar Power and Vijay Ferro Power were scrapped for unsatisfactory performance on the projects. Most of the remaining proponents have not evinced interest to install their projects primarily due to lack of coal linkages and drying out of long-term power purchase agreements (PPAs). Key players such