2 Investment Projects Worth Rs. 470 Cr Okayed.

The State Level Single Window Clearance Authority (SLSWCA) recently accorded in principle approval to two investment projects worth Rs. 470 crore.

The proposal of Bharat Petroleum Corporation Ltd. (BPCL) for setting up a common user facility (CUF) for storage of petroleum products at Meramunduli in Dhenkanal district with an investment of Rs. 270 crore was approved.

This project is a common arrangement of Indian Oil Corporation Ltd. (IOCL), Hindustan Petroleum Corporation Ltd. (HPCL) and BPCL. The CUF will cater to receipt and storage of petroleum products like petrol, diesel, kerosene, fuel oil and light diesel. High performance petrol and diesel will also be blended at the CUF with imported additives.

The project will require 90 acres of land, three kilo litres of water per day and 450 KW of power. It will provide direct and contractual employment to around 344 persons.

The other project approved in the meeting, which was chaired by Chief Secretary Aditya Prasad Padhi, is the proposal of Starlight Energy Ltd to set up an integrated grain-based distillery unit along with a parboiled rice mill and co-generation biomass power plant at Goud Sariguda in Kalahandi district with a total investment of Rs. 137 crore.

The project requires 195 acres of land and one MW power as stand by for start-up of the biomass power plant.

The industry will make use of broken rice from rice mills, maize and other grains produced in the State for distillery unit. The husk from rice mills will be used as principal raw material for production of biomass power.

It will produce neutral alcohol for medicine, ethanol for blending in petrol and anhydrous alcohol for industrial use. The unit will provide direct and contractual employment to 108 persons.

The SLSWCA also reviewed progress of the investment projects that were approved during 2015.

Available data shows that during 2015, SLSWCA cleared a total 23 projects of which two have started production and 20 are in different stages of construction.

Similarly, of seven projects approved by high level clearance authority (HLCA), two projects have started production and three are under construction.



THE NEW INDIAN EXPRESS