Policy

Bengal gets new proposal for Nayachar

Press Trust of India Kolkata | Updated on March 12, 2018

The West Bengal government today received a revised proposal for development of Nayachar Island, off Haldia, in East Midnapore district in West Bengal, as an industrial hub, from NRI businessman Prasoon Mukherjee.

Mr Mukherjee, who met the Industry Minister, Mr Partha Chatterjee, here, submitted a proposal for setting up a 2,000 MW thermal power plant, an industrial park and an eco-tourism project, involving a total investment of Rs 26,000 crore, on Nayachar Island.

While the power plant would entail an investment of Rs 12,000 crore, the industrial park and eco-tourism project would require Rs 12,000 crore and Rs 2,000 crore, respectively.

Mr Mukherjee told reporters that 50 per cent of coal required for the power plant would be imported from Indonesia, while the balance would be sourced domestically.

The Trinamool Congress government, after coming to power in May, scrapped the previous Left Front government's proposal for setting up a chemical hub at Nayachar.

Mr Mukherjee was also involved in the earlier project proposal.

Funding for the project would be done in a 70:30 debt-equity ratio, he said.

Published on November 01, 2011

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