Page 7 - Newsletter Jan to Mar 2024, Volume-58

Business Development Meetings, Bhubaneswar

Mahanadi Coalfields Limited (a subsidiary of Coal India During the visit, RC (I/C),Bhubaneswar briefed HUDCO
Ltd.) is planning to set up a 2x800 MW Pithead Thermal activities and possibilities of business relationship with
Power Plant near its Basundhara mines, in Sundargarh the State Govt to Shri G. Mathi Vathanan, IAS, Additional
District, Odisha with an estimated Project Cost of Rs. Chief Secretary, Housing & Urban Development
15,947 Crores. In this regard a meeting of HUDCO team Department, Government of Odisha.
{consisting of Shri Madhukar D Ugemuge, Regional Chief
Meeting with Shri Sharada Prasad Panda, Joint
(i/c), Shri S. K. Panda, Deputy General Manager (Law) &
Secretary, OAS, Housing & Urban Joint Secretary,
Shri Shiladitya Biswas, Manager (Projects) }was held with
Housing & Urban Development Department, Govt. of
Shri Uday Anant Kaole, Chairman-Cum-Managing
Odisha.
Director, MCL. RC, Bhubaneswar greeted the Chairman-
Cum-Managing Director, MCL and apprised him of
HUDCO’s storied involvement in the growth of the State
through debt financing specially in the Power and
Housing Sector. CMD, MCL then informed HUDCO about
the 2x800 MW TPP which will be executed by Mahanadi
Basin Power Ltd. (MBPL) which is a SPV with 100% share
held by MCL. During the discussion it was learnt that land
acquisition of around 3200 acres is going on through IDCO
(State PSU)l, after which EOI will be floated for Debt
financing which will be around 70% of the project cost. RC
informed about HUDCO’s financing pattern and assured
him all the support in extending HUDCO debt financing at
competitive rates. RC (I/C), Bhubaneswar also met Shri Sharada Prasad
Panda, OAS, Joint Secretary, Housing & Urban
On the same day another meeting was held with Shri Ajit
Development Department, Government of Odisha, during
Kumar Behura, Director (Finance), MCL. RC,
the discussion, RC (I/C) apprised about the HUDCO’s
Bhubaneswar extended his gratitude to DF, MCL for
operations and previous long period association with the
giving his time. While discussing the 2x800 MW TPP, DF
Housing & Urban Development Department, Government
informed that land acquisition is being done through IDCO
of Odisha in providing financial assistance for
and will take around a year (approx.). DF further informed
implementation of various Housing and Urban
that MCL being a PSU has to go through public bidding
Infrastructure projects in the State of Odisha.
system for acquiring the Project Debt financing and as
when they go for bidding they will inform HUDCO. Meeting with Shri Trilochan Panda, MD-Grid
Corporation of Odisha (GRIDCO), Govt. of Odisha.
Meeting with Shri G. Mathi Vathanan, IAS, Additional
Chief Secretary, Govt. of Odisha.

In order to explore the potential business in power sector,
RC (I/C), Bhubaneswar had a meeting with Shri Trilochan

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