Adani has to arrange land on its own for thermal plant:Jharkhand

The Jharkhand government today said the Adani Group, which has signed an MoU with the state for a proposed Thermal Power Plant, would have to arrange required land on its own.    

PTI| Updated: Mar 12, 2016, 01:10 AM IST
  Adani has to arrange land on its own for thermal plant:Jharkhand

Ranchi: The Jharkhand government today said the Adani Group, which has signed an MoU with the state for a proposed Thermal Power Plant, would have to arrange required land on its own.

"The Adani group has to arrange the required land for the power plant on its own," an official release said quoting Energy Department Principal Secretary S K G Rahate here.

"The MoU gives approval or disapproval rights to the state," he added.

Stating that interest of the state was kept during inking of the MoU, he said under the Jharkhand Energy Policy, the Adani group would provide 25 per cent of its installed capacity to Jharkhand on the rate fixed by the Jharkhand State Electricity Regulatory Commission.

Under the proposed power plant, electricity would be given to Bangladesh and being an international investor, it has to follow guidelines of the Central government, he said.

The state has signed stage-1 MoU with one year term and the next stage would be inked only after completion of stage-1.

It was signed on the basis of a report by a high-level committee headed by Chief Secretary Rajiv Gauba.

The state government had on February 17 this year signed the MoU with Adani Power (Jharkhand) Limited for setting up 1600 MW (2x800 MW) coal based Thermal Power Project in the state.