Published on The Economic Times / India Times, May 13, 2007.
NAGPUR: National Thermal Power Corporation (NTPC) will be setting-up a 1000 mw mega power project, the first in Maharashtra at Mouda on the outskirts of district, about 40 kms from here.
The project which remained on paper for quite some time has finally been cleared by all concerned agencies and NTPC has floated necessary tenders inviting bids for the project, official sources said. The cost of the project is Rs 5000 crores.
“The project has been given the status of mega one which will reduce the cost since concessions are extended on sales tax, excise duty and other taxes,” former Ramtek MP Subodh Mohite, the brain behind the project, told reporters, last night … (full text).