The project was terminated over inordinate delays in land acquisition
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New Delhi: Anil Ambani led Reliance Power said on Tuesday that it has terminated the contract for Rs 36,000 crore Tilaiya ultra mega power project in Jharkhand over inordinate delays in land acquisition. Based on tariff-based bidding managed by Power Finance Corporation (PFC), Reliance Power was awarded the 3,960 MW Tilaiya UMPP in February 2009.
“However, the required land is yet to be made available. Even the forest land in the power station area, for which the stage-II forest clearance was accorded by the Central government way back in November 2010, has not been handed over till now,” said Reliance Power.
As far as the coal block allotted for the project, the land acquisition process is yet to get initiated, for which the application was submitted in February 2009, it said. “In-spite of more than 25 review meetings and extensive follow-ups with the government of Jharkhand in the last five and a half years, the required land is yet to be made available,” it said. Based on the current estimates of the land handover process, the project cannot be completed before 2023-24, it said.
( Source : dc correspondent )
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