Sahara India Power Corporation Ltd., the unit of Sahara Prime City Limited has informed that it has signed a Memorandum of Understanding (MOU) with the Government of Orissa for setting up a 1320 MW (2 x 660) Coal Based Thermal Power Plant in Turla Tehsil of Balangir District.

The Turla plant, which is proposed to be built on an area of 1,500 acres, planned to begin its first Unit of 660 MW by February 2013 while the second unit of 660 MW is expected to start working within 6 to 8 months thereafter.

The plant is planned to be set up through Joint Venture Participation with various Power Companies from different parts of the world.

Recently, Sahara Power has tied a knot with Solar Integrated Technologies Inc. (SIT) USA, as its strategic partner for supply and installation of the required plant and equipment.

The company intends to pump Rs 56.04 billion in the above said project.

Apart from the latest development, Sahara India Power Corporation Limited has also proposed to set up a 2000 MW Coal based power plants in Jharkhand and Chhattisgarh at an estimated investment of Rs 80 billion each.

Sahara Prime City Limited is the real estate company of Sahara India Pariwar. The company is into developing commercial and residential properties.