Its a great news for all. Two new Thermal Power Stations are coming that could generate almost 4600 MW power on completion, in private sector.
We were delighted to see such a huge investment and initiative from private sector to generate power.
The Cabinet has decided to allot an extent of 16,249 acres of Government land to two thermal power projects in the private sector in Srikakulam district and to the greenfield ports in Nizampatnam and Vadarevu. Land will, however, be allotted for a price.
At a meeting here on Monday, the Cabinet cleared allotment of 3,333 acres spread over four villages to East-Coast Energy Limited at Rs 85,000 an acre for setting up a 2,600-MW thermal power station at Kakarapalli in Srikakulam district.
Briefing reporters later, Information Minister A. Ramanarayan Reddy said another 972.69 acres of land at Sompeta would be allotted to Nagarjuna Constructions Limited at Rs 80,000 an acre for a 1,980 MW thermal station.