Orissa government approves investments of 1,045 crore in power & petroleum

BHUBANESWAR: Seeking investment in the backward KBK (Kalahandi-Bolangir-Koraput) region in the state, Orissa government on Monday approved investments of 1,045 crore in power and petroleum sectors, official sources said.

"The state government is working out a policy on how to mobilise investment in KBK region. The government is also considering provision of more incentives for investment in the KBK region," industries secretary T Ramachandru told reporters after attending the Single Window Clearance Committee chaired by the chief secretary.

The committee approved an investment of 300 crore proposed by Prima Power & Infra Limited to establish a 60 MW thermal powerplant at Gania village in Nayagarh district, Ramachandru said.

The committee also approved another thermal power plant proposed by Konark Kanti Energy. The plant would be set up at Bagipada village in Boudh district at an investment of 110 crore.