Bhushan Energy Ltd promoted by Bhushan Steel & Strips)to set up 185 MW thermal power project at Meramandali in Dhenkanal district of Orissa. CFBC boilers will be installed. Coal middlings from the washery and char from steel plant will be used as fuel. Expansion project is estimated to cost Rs.9160 million for which financial closure is yet to be achieved. It may be noted, the company has commissioned 2x150 MW in April 2010.