IPPs invest Rs. 32,991 cr on their projects.

The independent power producers (IPPs) have invested Rs. 32,991 crore on their proposed coal-fired projects in Odisha after entering into memorandum of understanding (MoU) with the state government.

Among the 28 players that have inked pacts with the state government, two have commenced commercial production- Vedanta Group firm Sesa Sterlite and GMR Kamalanga Energy Ltd. Sesa Sterlite has fully commissioned its 2,400 MW (4x600) power project at Bhurkamunda near Jharsuguda.

The company has invested Rs. 8,038 crore on the plant. GMR Kamalanga has commissioned three 350 MW units of its proposed 1,400 MW plant at Kamalanga in Dhenkanal district. It has invested Rs. 5,590 crore.

Others like Jindal India Thermal Power Ltd. (JITPL), Ind-Barath Energy Utkal Ltd. and Monnet Power were in the advanced stage of commissioning their projects.


BS