Power Finance Corporation under process to select developer for 3 coal blocks in Odisha.

Power Finance Corporation is under the process of selecting a developer through international bids for three coal blocks that have been alloted to it for 4,000 MW Ultra Mega Power Project in Odisha.

The Normative date of production from these coal blocks -- Meenakshi, Meenakshi-B and Dipside of Meenakshi -- was March 13, 2010 but production has not started so far, an official said.

'PFC Ltd. being the nodal agency for implementing UMPP is under the process of selection of developer through international competitive bidding,' the source said.

The Coal Ministry had alloted three mines in favour of Orissa Integrated Power Ltd. (OIPL) which is a wholly-owned subsidiary of the Power Finance Corporation (PFC) and also a special purpose vehicle created for development of Ultra Mega Power Project in Odisha.

ET