State formulates new policy for power plants
The State Government on Monday set up a new guideline for establishment of new power plants in the State. A decision to this effect was taken at the State Cabinet, presided over by the Chief Minister Naveen Patnaik at the State Secretariat. Briefing about the new power policy, Chief Secretary Ajit Kumar Tripathy said the State Government would get 10 per cent home State share from the plant in addition to around 20 per cent share through the Gadgil formula from the Ministry of Power, Government of India. The Government of India will be approached for 15 per cent discretionary power from NTPC, Kanhia while agreeing to the proposal of NTPC in IB valley. In yet another major decision, it was decided that NTPC and Central Power Sector Units (CPSU) would not contribute 6 paisa per unit of the energy sent outside the State from the plant towards Environment Management Fund. However, NTPC and CPSU will contribute 5 per cent from the profit for the peripheral development fund. NTPC and CPSU will follow their own R and R policy in consultation with the State Government which should not interfere in the R and R policy of the State Government. NTPC and Central Power Sector Units will apply to the nodal agency, IPICOL and other State Government agencies for obtaining necessary Government approval. Land and State formulates new power policy.
