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Aryan Chhattisgarh Power Generation Private Limited

 

Aryan Chhattisgarh Power Generation Private Limited (wholly owned subsidiary) was formed as a Special Purpose Vehicle (SPV) on May 9, 2008 with the objective of setting up 1200MW Thermal Power Plant in the State of Chhattisgarh.
 
On February 18, 2010, an implementation agreement was signed by ACB (India) Limited with the Government of Chhattisgarh with regard to the establishment of 1,100 MW (+ 20%) coal fired thermal power project in Chhattisgarh, which was transferred in the name of SPV. However, due to non-receipt of the relevant approvals and clearances, amongst other things, 1200 MW power project is being currently kept in abeyance.
  
 
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