Tata Power has inked a pact with Maharashtra government for Rehabilitation & Resettlement (R&R) package. The R&R package is related to the utility proposed 1,600 MW thermal power plant in Raigad. The supercritical thermal power plant, based on imported coal, is coming up at Dehrand and Shahapur villages in Raigad district of Maharashtra.
Among others, Tata Power as part of the package would provide one time compensation of Rs 5 lakh per acre to each Project Affected Family (PAF) in lieu of 12.5% developed land. The company would also shell out Rs 2 crore per village Dehrand and Shahapur for basic infrastructure and civic amenities.
The company is expected to spend Rs 25 lakh annually per village towards subsequent maintenance of the basic infrastructure and civic amenities. The amount would be increased by 10% every three years. The 1,600 MW project has got all statutory clearances. Coal for the plant would be imported from Indonesia.
Company Name | CMP |
---|---|
NTPC | 351.25 |
Tata Power | 428.35 |
Power Grid Corp | 290.00 |
Adani Power | 596.35 |
Torrent Power | 1515.50 |
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