Jai Corp to set up 3 power plants in Maharashtra

Jai Corp Ltd proposes to set up three power projects aggregating 6,200 MW, through its associate companies in Raigad district of Maharashtra.

Jai Corp Ltd in its annual report said that “Jai Corp has strategies its presence in power generation distribution and transmission through its associate companies, Urban Energy Generation Pvt Ltd, Urban Energy Distribution Pvt Ltd and Urban Energy Transmission Pvt Ltd.”

Urban Energy Distribution Pvt Ltd is a special purpose vehicle has been granted the status of a co-developer by the Board of Approval Ministry of Commerce and Industries.

Its 2,000 MW power plant at Dronagiri node of Navi Mumbai SEZ in Uran Taluka will be implemented in three phases. Environmental and coastal regulation zone clearances have been obtained.

It said that the Maharashtra Government has also issued support letter for its 2,100 MW power plant at Vangni Tarfe Taloja in Panvel Taluka and the state government has issued support letter for its 2,100 MW power plant at Kondgaon, Nagothane in Roha Taluka.

The company is developing the Rewas Port project in Maharashtra. The port is developed by Rewas Ports under a Concession Agreement executed with the Maharashtra Maritime Board a nodal agency of Maharashtra Government.

(Sourced from http://www.steelguru.com/news/index/2009/09/17+09%3A38%3A07/MTEyMDgw/Jai_Corp_to_set_up_3_power_plants_in_Maharashtra.html)

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