Madhya Pradesh will get 400 MW power from Odisha. The Orissa Integrated Power limited, an undertaking of Power Finance Company has allotted 400 MW power to Madhya Pradesh from 4000 MW project being set up under competitive bidding process.
This amounts to 10 per cent of the total generation of that project. The project is being set up under ultra mega power project (UMPP) at Bedabahal in Orissa. On behalf of Madhya Pradesh, MP Power Management Company’s MD Manu Shrivastava along with representatives of 9 states signed a memorandum of understanding (MoU) in New Delhi on Thursday. Power Distribution Companies of all states signed the MoU for setting up the project and getting power from it.
MD Manu Shrivastava said the rates of power from ultra mega power project would be comparitively less that those of other power projects due to which state would be able to get cheap power in years to come. Similarly, Madhya Pradesh is getting power from Sasan ultra mega power project at the rate of 70 paise per unit.
Following signing of the agreement, now selection of lowest bidder would be made under tender-bidding guidelines. Power from this project would be supplied to states concerned, under PPP mode.