Damodar Valley Corporation is planning to set up a 500 MW dual fuel based power project in Bokaro in Jharkhand with an investment of Rs. 23130 million. The project is likely to go operational in May 2012. The project was announced in December 2001 and received an environmental clearance in March 2007 and BHEL had been awarded the EPC contract in 2008. It will replace the old 247 MW unit.
Fuel linkage had been signed with Central Coalfields Ltd. Financial closure has been achieved with SBI and its associate banls. It is likely to be commissioned in financial year 2014. The company had signed a PPA with PSEB for supply of 200 MW of power and the rest will be consumed in Jharkhand.