Adani Power plans to invest Rs 7,000 cr in Bihar

PTI | | Updated on: Mar 12, 2018

Adani Power Ltd has proposed investment to the tune of Rs 7,000 crore for setting up 1,320-(610x2) MW thermal power station and undertake mining at Urma Pahari coal mines located in Jharkhand.

The company Chairman, Mr Gautam Adani, submitted this proposal at a meeting with the Bihar Chief Minister, Mr Nitish Kumar, at the state secretariat here last evening, an official spokesman told PTI today.

The Centre has allotted the Urma Pahari coal bloc to Bihar to meet its requirement of coal for thermal power stations.

During a presentation at the high-level meeting, Mr Adani said the proposed plant, the location of which is yet to be decided, would help cater to the energy requirements of Bihar and provide employment opportunities to more than 5,000 people, the spokesman said.

He also expressed his desire for investing in mining and development of port.

The Chief Minister directed the Chief Secretary, Development Commissioner and Principal Secretary (industries) to go through the proposal for augmenting power and take a decision at the earliest.

He also asked the officials to negotiate with the company for procuring power from the company’s power stations to meet the power crisis in the state, the spokesman said.

Mr Nitish Kumar said the State Government would also welcome proposals for investments in food processing sector having a huge potential for setting up industries as Bihar’s Litchi and Langra variety of mango are very famous.

“I would like that the Adani group visit Muzaffarpur and Motihari and explore ways for preservation of these fruits”, he said.

The Chief Minister noted that the three companies of Adani Group — Adani Power Ltd, Mundra Port and Special Economic Zone Ltd and Adani Enterprises Ltd — were listed in the share market and the cumulative capital of the three companies stood at Rs 25,000 crore.

Published on May 27, 2011
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