Infrastructure Leasing and Financial Services Ltd (IL&FS) group has received environmental clearance for its proposed 2000 MW gas-based power project in Mandvitaluka of Kutch district.
The expert appraisal committee under the union ministry of environment, forest and climate change recently gave its approval to Nana Layja Power Company Ltd, a special purpose vehicle created to develop the power plant.
The gas-fired power project will be developed within a multi-product special economic zone (SEZ) by IL&FS group at Mandvi. Details provided by the company say that in its environmental impact assessment report (EIA), the cost of the project for setting up the gas-based power plant is Rs 7,187 crore.
“The environment clearance accorded shall be valid for a period of 7 years from the date of issue of this letter for the start of production operations,“ the ministry said in its notification approving the project. Apart from the gas-fired power plant, a coal-based power plant with a capacity of 4000 MW has also been planned by the group at the same location. The investment for the same is around Rs 28,000 crore.
The proposed power plant is conveniently located and well-connected to the sea which gives it the advantage of bringing imported coal along with the indigenous coal and gas required for the power plants.Considering these aspects, both the plants are proposed to be developed in the multiproduct SEZ and free trade and warehousing zone (FTWZ) at Mandvi in Kutch. Estimated project cost for development of SEZ, including proposed power plants, is around Rs. 38,741crore.
Overall, IL&FS is developing an integrated maritime complex comprising a state-of-the art shipyard, a marine and energy SEZ and FTWZ. The marine and energy SEZ as well as FTWZ are being developed over 3,473 acres of land which will comprise of shipping and ancillary industries, power plants, fabrication & assembly units, heavy engineering units and other port-based industries.
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