From The Economic Times
Jindal Steel& Power is planning to set up a coal-fired power plant in the West African country of Liberia. The project will consist of two units of 175 MW each at an investment of $200 -$250 million, Naveen Jindal chairpman JSPL group said.
The Jindal group investment is likely to be routed through its arm, Jindal Africa. On Tuesday, the Naveen Jindal group signed a term sheet agreement with government of Liberia for the proposed power project during the on going state visit of the Liberian president Ms. Ellen Johnson Sirleaf to India.
During the day, the president visited JSPL’s steel plant at Raigarh and Jindal Power’s 1000 MW unit at Tamnar in Chhattisgarh. Speaking to mediapersons the president, a Nobel Peace laureate in 2011, said Liberia would ‘explore all possibilities to work with the group in other areas.’
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