Jain Energy to develop 1,000-MW power plant in Balpur

Kolkata: Kolkata-based Jain Energy has entered into a memorandum of understanding (MoU) with the Chattisgarh Government for setting up a 1,000 MW coal-based thermal power plant at Balpur of Janjgir-Champa district. The plant will be spread over 1,000 acres and is expected to be commissioned in 2011. The estimated investment is Rs 5,000 crore.

According to a company press release, apart from the thermal project, the Jain Group is also exploring opportunities in hydro and biomass-based power generation. Jain Energy has submitted an expression of interest for hydro-power projects in Arunachal Pradesh and Bhutan.