OIPL disburses Rs. 494 cr compensation for Bhedabahal UMPP.

The Odisha Integrated Power Ltd. (OIPL), a fully owned subsidiary of Power Finance Corporation (PFC), has disbursed compensation worth Rs. 494 crore towards acquisition of private land for the 4000 MW ultra mega power plant (UMPP) coming up at Bhedabahal near Sundargarh.

OIPL is the special purpose vehicle (SPV) formed for implementing the UMPP. Total compensation for acquiring 2733 acres private land has been worked out at Rs. 620 crore, said an official source.

In addition to the compensation amount, the state's land acquisition agency Odisha Industrial Infrastructure Development Corporation (Idco), has raised an additional demand of Rs. 145 crore towards revised estimated cost and its administrative charges.

The UMPP needs 3246 acres land in all that includes 2733 acres private land, 444 acres government land and the rest 69 acres revenue forest land.

Government non-forest land of 444 acres is being alienated as 33 cases. Lease deed was executed by Idco for three cases and the deed for two cases is under process between Idco and the Sundargarh collector.


BS