The Adani Group, a global integrated player, on Monday signed an MoU with the Chhattisgarh Government to develop two major projects there with an estimated investment of nearly Rs. 25,200 crore.
The two projects — a coal-to-poly generation (CTP) facility and a rice bran solvent extraction plant and refinery — are expected to provide employment to more than 5,500 people in the State, a company official said here.
The first project, CTP, is being set up for the first time in India, based on coal-to-synthetic energy. It consists of ammonia/urea and Substitute Natural Gas (SNG) manufacturing complex using gasification of high ash coal sourced from within the State.
The project cost is estimated to be more than Rs. 25,000 crore. It includes coal-to-urea, coal-to-SNG plant and coal-based-thermal power plant and is expected to generate around 5,000 jobs and substantial revenue to Chhattisgarh. It would help ensure energy security for India and drive macroeconomic growth through coal-based fuel.
The rice bran solvent extraction plant and a physical refinery packing plant at Rajnandgaon, Chhattisgarh, is at an estimated investment of nearly Rs. 200 crore, with a potential to generate over 600 jobs in the State.
The MoU was signed in the presence of Chhattisgarh Chief Minister Raman Singh and Adani Enterprises Ltd Managing Director Rajesh Adani, besides State Industry Minister Amar Agrawal and Chief Secretary Vivek Dhandh.
Gautam Adani, Chairman, Adani Group, said the two projects will help Chhattisgarh strengthen its overall socio-economic status.
Speaking on the occasion, Raman Singh said these projects will enhance the economic growth of the State and create substantial employment opportunities for the people of Chhattisgarh.
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