Jharkhand Integrated Power, a wholly owned subsidiary of Power Finance Corp is to set up 4000 MW Tilaiya Ultra Mega Power Project at village Tilaya in Hazaribagh district of Jharkhand. The land requirement for the project is 2695 acres, which includes 645 acres for greenbelt. Reservoir area will be limited to 100 acres only. Coal will be obtained from North Karanpura Coalfields at a distance of about 70 km through MGR. Water requirement of 135 cusecs will be drawn from Tilaiya Reservoir. The total project cost is estimated at Rs. 160000 million. It may be noted, Kodarma Sanctuary is located 16 kms away from the project site.