Task force clears JGreen’s Gas based project
Below is an excerpt from the post –

The task force on power in has cleared the decks for establishment of a 423 Mw gas-based power project, the first of its kind in the state, at an investment of Rs 3,106 crore.

The proposal has come from Pvt Ltd which has a registered office at Balasore. The company has evinced interest in setting up a LNG based power station 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 project will make use of Japanese technology and needs barely 37 acres of land.

“The LNG based power project has been cleared by the task force. Now, the proposal will go to the Single Window Clearance Authority and later to the High Level Clearance Authority. The state is in the process of finalising a comprehensive policy on thermal power plants that will also contain some provisions for gas-based projects.from this gas based plant will be expensive compared to thermal power plants and we hope to use this power during the peak hours,” said an official source.