July 27, 2010: Sahara India Power Corporation Limited (SIPCL) will invest Rs 8000 crore on its proposed 1320 mw power project at Titlagarh in Bolangir district. Speaking to reporters here, SIPCL chief executive officer Ashok K. Bharagava said the first unit of the project will be completed by 2014 and the second unit will be made operational a month later. The proposed plant will be based on environmentally efficient supercritical technology and operate with effluents of less than 50% of the limits fixed by the union ministry of environment and forests. "This proposed plant will be based on advanced technology of world with participation of Korea East-West Power Co Ltd, a company owned by the Government of Korea. The facility will operate with high pressure and high temperature thereby reducing coal consumption," Mr Bharagava said. He added that the chimney height of 275 metres will keep the environment clean. The proposed plant requires 950 acres of land. The state-owned Industrial Infrastructure Corporation Limited (IIDCO) has been entrusted the task of land acquisition. "What is heartening to note is that there will be no displacement in the area. There are no forest lands within the area earmarked site. The Orissa water resources department has sanctioned 50 cusecs water to be drawn from the Tel River," the CEO said. Mr D L Sapra, chief project coordinator, said the project would create direct employment opportunities for nearly 2000 people. Source: The Economic Times