The 300 mw Group Captive Power Project (GCPP) being established by Vidarbha Industries Power (VIPL), a special purpose vehicle (SPV) formed by Reliance Power, at Butibori near Nagpur in Maharashtra, will soon start the construction phase. The required land has been purchased and the Maharashtra Pollution Control Board (MPCB) has given the green signal for starting the project. Reliance Power will soon give the engineering, procurement and construction (EPC) contract for the Rs 1500 crore project. Power produced from the plant will be mainly supplied to the industrial consumers in Maharashtra at subsidised tariffs. The project will be useful to the consumers and developers alike. Industrial consumers will get discounted tariff upto 25 paise a unit and developers will garner better returns as the tariff will be higher than long-term power purchase agreements (PPA)
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