WB, Universal signs MoU

Kolkata: The West Bengal government signed a memorandum of understanding (MoU) with NRI Prasoon Mukherjee’s, Universal Success for a mega independent power project and port.

The MoU for the 10,000 MW power project was signed between power secretary, Sunil Mitra, and Mukherjee the group had signed several projects with the government in the last three years but failed to implement any.

Briefing the media after the MoU signing ceremony, chief secretary, Amit Kiran Deb, said, this would be the first independent power project in the state. In the first phase, the port and 2,000 MW of power would be installed.

Mukherjee said, the investment in the first phase would be Rs 16,000 crore. The coal for the project would be imported from Indonesia and hence the port would have to capacity to handle 30 million tons of coal. The first phase would be completed within four years from the date of possession of land.

The land requirement for the first phase would be 1,000 acres while total requirement in the project would be 3,000-3,500 acres. The location for the project had not been finalized as yet.

A study would be conducted by Development Consultants to determine the location and facilities required for the project. The port would be adjacent to the power project. The project once completed to its full capacity of 10,000MW would employ 5,000 people directly. At today’s rates, the total project cost was estimated to be around Rs 60,000 crore.