BHUBANESWAR: In a bid to give a push to industrialisation, the High Level Clearance Authority (HLCA) headed by Chief Minister Naveen Patnaik on Tuesday approved seven projects with proposed investment of Rs 41,900 crore.
The investment proposals include a foreign direct investment (FDI) by Japanese company of Rs 3,109 crore, Industries Minister Debi Prasad Mishra told mediapersons after the meeting. The proposed projects will create direct employment opportunities for 4,450 people, he said.
The HLCA approved the proposal of JGreen Power Private Limited, a subsidiary of Tokyo-based JGreen Corporation Limited, to set up a 423 MW liquefied natural gas (LNG)-based power project at Dhamra in Bhadrak district.
The proposal of Mahanadi Basin Power Limited, a wholly-owned subsidiary of Mahanadi Coalfields Limited (MCL), for establishment of a pit head 2 X 800 MW coal-based thermal power plant at Basundhara in Sundargarh district with an investment of Rs 8,000 crore was also approved by the authority, he said.
The HLCA approved the proposal of Tata Power Limited for change of location from Naraj Marthapur in Cuttack district to Begunia in Khurdha district for a 1,320 MW coal-based thermal power plant with an investment of Rs 7,500 crore, he added.
The Calcutta Electric Supply Corporation (CESC) Limited has proposed to increase the capacity of its power plant from 1,000 MW to 1,320 MW by engaging super critical technology with an investment of Rs 6,861 crore.
Besides, the HLCA has also approved three expansion proposals of Bhusan Power and Steel Limited (BPSL), Ardent Steel Limited (ASL) and Utkal Alumina International Limited (UAIL).
While BPSL has proposed for expansion of its steel plant from 2.8 million tonne per annum (mtpa) to 5.5 mtpa at Thelkoloi in Sambalpur district with an investment of Rs 4,837.6 crore, UAIL has proposed for expansion of its refinery capacity from 1 mtpa to 1.5 mtpa at Doraguda in Rayagada district, the Minister said.
The UAIL also wants expansion of its captive power plant (CPP) from 50 MW to 90 MW. Expenditure for both the expansion project will cost UAIL Rs 7,563.7 crore.
Ardent Steel Ltd will expand its existing iron ore pelletisation plant from 0.6 mtpa to 1.8 mtpa in addition to setting up iron ore beneficiation plant of 3 mtpa and DRI plant of 0.60 mtpa in Keonjhar district.
The investment for the projects will be Rs 4,020 crore.