Business Daily from THE HINDU group of publications
Sunday, Apr 06, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Apr 06, 2008 ePaper | Mobile/PDA Version |
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Corporate
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New Business Industry & Economy - Power Indiabulls Power gets LI for Chhattisgarh project Our Bureau Mumbai, April 5 Indiabulls Real Estate Ltd said Indiabulls Power Generation Ltd has been awarded a letter of intent for the Bhaiyathan Thermal Power Project by the Chhattisgarh State Electricity Board. Chhattisgarh State Electricity Board had invited bids for the procurement of power produced on long-term basis from the project, comprising building, owning, operating, maintaining of a coal-fired thermal power project at Bhaiyathan. Low-cost coal supplyThe project includes development of captive coal mines containing proven reserves of 349 million tonnes in the district Korba, Chhattisgarh, to provide low-cost coal supply for the power plant. Thirty-five per cent of the power produced from the Bhaiyathan project is available for merchant sale at market rates and the remaining has to be sold to State electricity board at the quoted levelised tariff. The board is to hand over land, water and environmental clearances for the project, Indiabulls Real Estate told the Bombay Stock Exchange. More Stories on : New Business | Power
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