PUDA to take over Bathinda thermal plant land for sale
Punjab Cabinet on Monday gave its nod for the redevelopment of the 1764 acres of land of the now-closed Guru Nanak Dev Thermal Power Plant in Bathinda.
Following the Cabinet decision, the land, belonging to the Punjab State Power Corporation Limited (PSPCL), will now be acquired by Punjab Urban Development Authority (PUDA), under the Department of Housing and Urban Development, through a 80:20 revenue sharing scheme.
PUDA has also been allowed by the Cabinet to raise loan up to Rs 100 crore for development and sale of the site with state guarantee.
The plant was shut down in 2018 as per the modalities worked out by a sub-committee set up on August 24, 2017, for the closure of the state-owned thermal plants in view of the Central Electricity Agency (CEA) guidelines to retire non-viable Thermal Power Plants (TPPS) that have exceeded 25-year life span.
