Govt approves investments of Rs 1045 crore in power, petro

Bhubaneswar: Seeking investment in the backward KBK (Kalahandi-Bolangir-Koraput) region in the state, government on Monday approved investments of Rs 1045 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 Rs 300 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 Rs 110 crore.

KKEL`s two other proposal of setting up a petroleum based downstream industry at Paradip at an investment of Rs 200 crore and a petroleum storage tank at an investment of Rs 110 crore at Dhamra, were also approved.