The power production from Madwa Thermal Power project is set to commence by March 2016 in the State.
Accordingly, efforts are underway to start production from the project’s first unit from February 2016 and from March 2016 in the second unit,” Chief Minister Raman Singh informed in the Chhattisgarh Assembly on Wednesday.
In a written reply to a question by Congress member Shyamlal Kanwar, the Chief Minister said that the project cost estimated by Chhattisgarh State Power Generation Company limited (CSPGCl)
in 2010 was Rs6,319 crore and after addition of interest against the loan taken from Power Finance Corporation (PFC), the cost may go upto Rs8,692 crore.
As of October 30, 2015, an amount to the tune of Rs1297.05 crore has been paid to M/s BGR Energy Systems limited and Rs2839.22 crore to M/s BHEl for setting up the project, he said.