Pioneer News Service | Bhubaneswar
The High Level Clearance Authority (HLCA) of the State Government headed by Chief Minister Naveen Patnaik on Tuesday cleared around 11 projects in steel, power and petro-chemical sectors.Briefing the media, Chief Secretary Ajit Kumar Tripathy said the State Government cleared the ship building yard and ship repairing project of Apeejay Shipping Ltd. The project would come up at Dhamra and Rs 2,200 crore would be invested in the project. The ship building yard and repairing project will be implemented through a joint venture company named as Oceanic Shipyard Ltd (OSL) formed by APJ Shipping and Bharati Shipyard.The company has indicated it would complete all phases of the project within 72 months. It has sought 1,000 acres of land. "The State Government has already accorded the administrative approval for the acquisition of the required land for this employment intensive project," Tripathy said.
The State Government will gain revenue of about Rs 3,700 crore over the next 25-30 years in the form of taxes and duties. Besides, it will generate direct and indirect employment opportunities for about 51,300 persons when fully commissioned.He further said that the Government also agreed to the Centre's proposal to set up a Petroleum, Chemicals and Petro-Chemicals Investment Region (PCPIR) at Paradip. An estimated Rs 15,275 crore is proposed to be invested in the project.The Central support for PCPIR is projected at about Rs 5,008 crore while the remaining Rs 7,517 crore will be mobilised through Public-Private-Partnership (PPP).The project will be implemented in three phases with an estimated investment Rs 2,200 crore in the first phase. The project would be completed by 2030.
Similarly, the Committee approved Welspun Power and Steel Ltd's proposal for setting up a 5 million tonne per annum iron ore beneficiation plant and 3 million tonne per annum pelletisation plant at Dhamara.
The committee also cleared the capacity expansion plan of the Essar Steel from 4 million tonne to 6 million tonne per annum along with a 8 million tonne per annum iron ore benificiation plant. The company intended to change its steel making technology from the sponge iron route to blast furnace route.
Besides, the proposal of the SMC Power Generation Ltd to expand capacity from 0.5mtpa to 1mtpa, increasing the capacity of MSP Metaliks from 0.25 mtpa to 1 mtpa, enhancement of steel making capacity of Bhusan Steel from 3.10 million tonne to 9 million tonne per annum were approved by HLCA.
The HLCA also gave its nod to the proposal of Bhusan Energy Ltd for a 2,000 MW thermal power plant at one go, 1,000 MW thermal power plant by Monnet Ispat and Energy at one go instead of two phases and 1,000 MW thermal power plant at one go.
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