BHEL, L&T keen on only 26% equity

The 2,400 MW (3x800) coal-fired power plant proposed by Odisha Thermal Power Corporation Ltd (OTPCL), a 50:50 joint venture between Odisha Mining Corporation (OMC) and Odisha Hydro Power Corporation (OHPC) has hit a roadblock. The state government that is in favour of offloading 74% stake in the power project to a private player given OTPCL's lack of expertise in implementing a power project, is struggling to find a suitable strategic partner.