INDIACSR News Network
RAIPUR: NTPC Ltd has signed a memorandum of understanding (MOU) here in Global Investor summit to provide financial assistance for setting up a Medical College at Raigarh in Chhattisgarh. Chairman cum Managing Director (CMD) of NTPC, Arup Ray Choudhury participated in summit and signed MOU. According to MOU, NTPC will contribute financial assistance of Rs 100 crore for Raigarh Medical College.
The state government and National Thermal Power Corp (NTPC) also singed and memorandum of agreement for setting up an engineering college at Raipur. Proposed to be set up with a cost of Rs 100 Cr, under the agreement NTPC. The agreement was signed between CMD and Sr officials of Chhattisgarh Govt.
Raigarh medical is under construction and it is being set up by Chhattisgarh Govt. Construction process of the building for the college is very slow and missed the target to launch it.
It is to be noted that, Arup Roy Choudhury, CMD had a meeting with Dr Raman Singh, Chief Minister of Chhattisgarh on 27 December in Raipur and informed developmental project of the company particularly in Raigarh. Dr Raman Singh discussed with NTPC CMD on Lara-Raigarh project on various issues including rehabilitation and resettlement (R&R) of the project in detail. Mr Choudhury has presented a cheque of Rs 2 crore for smooth function of Korba Engineering College. NTPC had given 10 crore for the Korba Engineering College so far.
It is worth mentioning that NTPC is setting up 4000 MW capacity power plant in Lara near Raigarh, eastern part of State. NTPC Ltd Lara Integrated Super Thermal Power to be established in two stages stage-I (2×800 MW) and Stage-II (3×800 MW). The estimated cost of the stage-1 project is Rs. 11741.72 crores. Public hearing for the first phase of the project held on 23 December, 2011 in Mahloi village near Pusaur, Raigarh.
9 villages are being affected in the project. During the public hearing local public supported the project.
Due to availability of coal and water Raigarh region has emerged as investment destination for the power companies. Chhattisgarh will be adding 30000 MW power capacity in the next 5 year.
The Korba power station of the NTPC has a total installed capacity of 2600 Mw.
NTPC said in the financial result 2011-12, “In the area of health, your Company is providing financial assistance for setting up a Medical College at Raigarh in Chhattisgarh and for renovation and refurbishment of “Sundargarh District Hospital in Odisha. In the area of education, Your Company is providing financial assistance for setting up a Hydro Engineerng College at Bilaspur in Himachal Pradesh and is setting up an Industrial Training Institute (ITI) at Korba.”
A total expenditure of Rs. 49.44 crore was incurred towards Corporate Social Responsibility expenses during the Financial Year 2011-12, which was 0.54% of the net profit of the previous year.