Orissa approves investments of Rs1045 crore in power, petroleum sectors

Seeking investment in the backward KBK (Kalahandi-Bolangir-Koraput) region in the state, Orissa government today approved investments of Rs1045 crore in power and petroleum sectors, official  sources said.
   
"The state government is working out a policy on how to mobilise investment in KBK region. The government is also considering provision of more incentives for investment in the KBK region," industries secretary T Ramachandru told reporters after attending the Single Window Clearance Committee chaired by the chief secretary.
   
The committee approved an investment of Rs300 crore proposed by Hyderabad-based Prima Power & Infra Limited to establish a 60 MW thermal powerplant at Gania village in Nayagarh district, Ramachandru said.
   
The committee also approved another thermal power plant proposed by Konark Kanti Energy Private Limited (KKEL). The proposed thermal power plant of capacity of 110 MW would be set up at Bagipada village in Boudh district at an investment of Rs110 crore.
   
KKEL's two other proposal of setting up a petroleum based downstream industry at Paradip at an investment of Rs200 crore and a petroleum storage tank at an investment of Rs110 crore at Dhamra, were also approved.