Steel Authority of India (SAIL) and engineering & construction firm Larsen & Toubro (L&T) have signed a memorandum of under standing (MoU) for setting up a joint venture (JV) company to develop, manage and own captive and independent power plants, to meet the future power requirements of SAIL.
The JV company will develop a 1,600 mw (2 X 800 mw) greenfield coal- based power plant using super critical technology. In addition, the companies will keep the option to further expand capacity by 800 MW/1600 MW at the same or some other location.