States Reports : Chhattisgarh

Rs. 5,500 crore for
1000-1200 MW Power Plant

AES India Private Limited, a subsidiary of the renowned multinational AES Corporation has signed a Memorandum of Understanding with the Chhattisgarh Government to develop 1000-1200 MW coal-fired power plant in the State at a cost of Rs. 5500 crores. AES India will develop, construct, own and operate the power plant in the State. This will be one of the largest foreign investments to date in the power sector of India.

Chief Minister Dr. Raman Singh was present on the occasion. He termed the agreement as an important step in the direction of developing Chhattisgarh as a power hub of the nation. He said Chhattisgarh stands to gain from the project by purchasing certain percentage of electricity generated from the project on favourable terms. Dr. Singh said apart from power Chhattisgarh has immense potential for investment in information technology and other sectors. He hoped as a result of AES investment many more foreign companies will come to the State.

Mumbai based Consular General of the American Embassy Shri Michael Owen said AES is a renowned name in power generation. With operations in 26 countries on five continents, AES provides power to people in more countries around the world than any other company.