Power and infrastructure player Jaiprakash Associates Ltd on Wednesday has signed four MOUs with Madhya Pradesh Government. Under the arrangement, JP Associates will invest Rs 13,000 crore over the next four years, for setting up two cement manufacturing units, an aluminum production factory and a power plant for generating power in the state. The cement units will be established in Satna and Amarpatan with an investment of Rs 2,000 crore each for producing five million tonnes cement. According to the company, the latest investment plan will be executed either directly by the company or through joint ventures or special purpose vehicles. Further, the company will invest Rs 3,500 crore for producing two lakh tonnes alumina, one lakh tonnes aluminum and a captive thermal power plant of 200-250 MW capacity in Rewa district. Apart from these, the company will also invest Rs 550 crore for setting up power generating units of 500 MW capacity at Bina town in the state. The power generation from these units is expected to starts from 2011-12. Recently, JP Associates entered oil and natural gas business by picking up a 45% stake held by ICICI Bank and ICICI Ventures in Hindustan Petroleum's Subsidiary christened 'Prize Petroleum Corporation Ltd'.