Angul, Nov 4 (UNI) The Rs 4,000 crore coal fired power plant of GMR Group at Kamalanga village in Dhenkanal district will be commissioned by June 2010, Power project Chief KVV Rao said here today.
''If all goes well then we will commission our first unit by June 2010 and the second and third units in the months of August and November respectively of the same year,'' Mr Rao said.
Mr Rao said the company planned to mop up three fourth of the project cost from external borrowings and raise the rest from equities.
He said the Kamalanga plant on completion would be the largest among the three non-coal based power plants set up by the GMR energy group.
While the Kamalanagar plant would have an installed capacity of 1050 MW the power plants set up by the company in Tamilnadu, Karnatak and Andhra Pradesh had installed capacity of 2oo mw, 229 mw and 370 mw respectively.
The company, he said, had also made significant progress in land acquisition. The power project requires about 1100 acres of land of which more than 900 acres belonged to the villagers of Mangalpur, Kamalanga, Bhagabatpur and senapatibena.
In order to secure support from the local villagers a meeting was held near the project site recently. The Dhenkanal collector and company chief among others were present at the meeting, he said.
Mr Rao said the company had chalked out a comprehensive community developmental plan for the development of peripheral areas of its projects having thrust upon health, education and communication.
He said coal linkage with Mahanadi coalfield had also been finalized and water allocation order from river Brahmani also had been obtained by the company.