Sunday, September 12, 2010

Milestone of India - Madhya Pradesh inks deal with power firms.

Bhopal: The Madhya Pradesh Government has signed memorandums of understandings with 28 major private power companies with the aim of supplying 24-hour electricity to the State's rural areas by 2013.

“The government has set a target of 24-hour power supply to rural areas by 2013 and for this purpose it has already signed agreements with 28 private power producers for the generation of 40,000 MW of electricity,” State Energy Department Secretary Mohammad Suleman said.

The government has also formulated a new Madhya Pradesh (Investment in Power Generation Projects) Policy for the purpose and assigned the job of monitoring the progress of implementing the MoUs to the State Energy Secretary, he said. It will be applicable to independent power projects (IPPs) with whom MoUs have been signed.

It has also set a deadline of 6-12 months for submitting a Detailed Project Report (DPR) comprising technical and commercial feasibility studies, water allocation, land acquisition and environment impact details, the Secretary said.

Since power was a major issue during polls in 2003 and 2008, the BJP-ruled government is not taking any chances on this in 2013, which is an election year. - PTI

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