The government has approved the Special Economic Zone (SEZ) project of Rs 14,000 crore of Adani Power in Jharkhand. An official gave this information, the entire power generated in this project will be exported to Bangladesh. The official said that the sanctionary board headed by the Commerce Secretary has approved this project. This approval board is the apex body to decide on the SEZ.
Adani Power Limited had demanded approval for the establishment of special SEZ for electricity in 425-hectare area in Godda district of the state. This project will be implemented in Motia, Mali, Gayaghat and adjoining villages. The company has got formal approval for possession of 222.68 hectares area. The remaining 202.32 hectares of land is yet to get theoretical clearances.
Two supercritical units of 800-800 megawatts will be set up in this project with an investment of Rs 14,000 crore. Apart from this, it includes the installation of water pipelines and power extraction system. This project will be completed by the end of 2022. The company has already signed the Power Purchase Agreement to complete the supply of electricity from this project to Bangladesh.
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