NTPC inks agreement to form JV with Jharkhand for Patratu Power Plant

National Thermal Power Corporation (NTPC) Limited has inked an agreement with Jharkhand Bijli Vitran Nigam Limited (JBVNL) to form a joint venture (JV) company for Patratu Power Plant.

The agreement will help optimise utilisation of improve performance, assets and expand capacity of Patratu Thermal Power Station located in Ramgarh district of Jharkhand.

The JV company will have 74 per cent share or stake of state-run NTPC while JBVNL will have the rest 26 per cent stake.

Implications of this JV company: It will work to improve the performance of the existing power stations in Jharkhand in order to gradually provide more power to the state.

It will also help Jharkhand to meet its ambitious target of providing adequate power to farmers and power round-the-clock to households in the state. It will thus play important role in enabling rapid industrialisation in the state in turn providing massive employment to youth of Jharkhand.

It should be noted that NTCP is India’s largest power producer and coal consumer.


Union Cabinet gives nod to revised estimate for East-West freight corridor

Union Cabinet has given to 81,459 crore rupees revised estimate for Eastern and Western Dedicated Freight Corridor (DFC) Project.

Decision in this regard was taken in Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet also has given nod to include land costs and financing plan for this for East-West freight corridor.

The revised cost estimate comprises construction cost of 73,392 crore rupees of the Eastern and Western DFC along with additional land acquisition cost of 8,067 crore rupees.

In this revised estimate, the cost of the 534-km Sonnagar-Dankuni section has been excluded as this section is proposed to be implemented through Public-Private Partnership (PPP) route.

Eastern and Western Dedicated Freight Corridor (DFC) Project on completion will pass through 9 states. They are Maharashtra, Gujarat, Rajasthan, Punjab, Haryana, Uttar Pradesh, Bihar, Jharkhand and West Bengal.

This project will significantly help to reduce transportation cost and benefit mines, powerplants and ports present along its route. It will also help to boost trade and industry.


Jharkhand Government bans sale of thermocol plates

Jharkhand Government has imposed a ban on the sale of thermocol plates in the state. It was announced by Chief Minister Raghuvar Das.

By banning thermocol plates, the state government aims at

  • Promoting of leaf plates in the state
  • Generate employment for the poor and tribals who are engaged in making leaf plates.

Apart from this decision, Chief Minister also announced Rs 1 lakh to villages in states which become liquor-free.