POSCO, OPTCL sign deal to draw power

POSCO India, which received Stage II clearance from the MoEF for its 12 million tonne steel plant at Jagatsinghpur in Orissa, recently signed an agreement with Orissa Power Transmission Company (OPTCL) to receive 24 MW power.

The power is to be utilised by POSCO for its construction activities at the plant site near Paradip as it has initiated various activities including infrastructure development to expedite the project work.

After making detail design and getting approval from OPTCL, the company is likely to begin the tower construction work to draw this power and the power supply will be operational from March 2012.