Bhubaneswar: Odisha cabinet which met under the chairmanship of Chief Minister Mohan Charan Majhi Friday cleared a power grid project of Rs 1647 crore.
Briefing media person, Odisha Chief Secretary Ms. Anu Garg said, the project would enable to meet the additional power requirement of industries coming up in Joda-Barbil-Palaspanga belt in mineral rich Keonjhar district.
Garg said the Joda-Barbil-Palaspanga belt is one the most mineral-rich regions in the State and hosts several large, power-intensive industries. At present, the Barbil, Joda and Palaspanga Grid Sub-Stations (GSSs) are operating at their maximum loading capacity and no additional load can be accommodated in these substations.
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” To meet the growing power demand, based on the proposal of OPTCL, today the State cabinet approved the construction of a 2×500 MVA, 400/220/33 kV GIS sub-station at Basudevpur along with associated transmission lines, with a total estimated cost of Rs.1,647crore.”
‘This includes 30% equity support of Rs 494.10 crore from the government of Odisha, while the remaining 70% i.e Rs. 1,152.90 crore will be arranged by OPTCL through banks and financial institutions.
The project will cater to the power requirements of upcoming industries in Keonjhar district and the adjoining Koida area of Sundargarh district. It will also strengthen the transmission network of the region and support further industrialization.The composite project will be implemented over a period of three years from FY 2026-27 to FY 2028-29.
