The lone proposal for establishment of a power plant based on natural gas has come from JGreen Power Pvt Ltd with registered office at Balasore. The company has evinced interest in setting up an LNG based power plant at Dhamra banking on gas supplies from the five million tonne LNG terminal proposed at the same location by Indian Oil Corporation Ltd (IOCL). The power project that involves a cost of Rs 3106 crore will make use of Japanese technology and needs barely 37 acres of land.
JGreen has submitted its combined application form and techno-economic feasibility study report to the state’s investment promotion agency, Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol).
A team of officials of JGreen recently visited many sites around the Dhamra port to choose a suitable location for the project. Apart from holding discussions with Santosh K Mohapatra, chief executive officer of Dhamra port, the company officials met the representatives of the North Odisha Chamber of Commerce and Industries (NOCCI)-Balasore.
Gas based power project to be exempted from green cess