IMFA to commence operation of plant in October 2012

Indian Metals and Ferro Alloys (IMFA) is planning to commission the coal based power plant in Odisha by October 2012.

The 120 MW power project is coming up with an investment of Rs 480 crore. The surplus power generated from the facility will be synchronized with the state grid and a power purchase agreement (PPA) too will be signed. Meanwhile, the state energy department has completed all procedural formalities for granting the proposal IMFA to change the status of its independent power unit to captive power plant and will issue an order in this regard soon.