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Uttarakhand plans gas power plants with GAIL

EM NEWS BUREAU ,  Thursday, April 26, 2012, 15:16 Hrs  [IST]

Uttarakhand Jal Vidyut Nigam Ltd, the state government-owned power producer, has planned to invest 2,500 crore in setting up two gas-based power plants in joint venture with public sector Gail (India). UJVNL is in possession of land at the two power plant sites-Kashipur and Hardwar.

In June last year, UJVN had signed an MoU with GAIL to set up the two gas-based power plants of 350-mw each. A total of Rs.2,500 crore is proposed to be invested in the two power plants. The majority of the power from these power plants would be sold to Uttarakhand through a long-term power purchase agreement.
 
                 
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