BGR Energy Systems has signed an MoU with Orissa state government for setting up a 2x660 MW coal based thermal power project in Bhapur in Nayagarh district in Orissa. The project will entail an investment of Rs.62870 million. According to the MoU, the Orissa government will assist in land acquisition, water allotment and mandatory clearances, allotment of coal blocks. In return, Orissa will receive 12 to 14% of power generated from the project at price determined from the project.
The project is in planning stage.