Thursday, October 29

Didi launches Rs 1,250-crore leather and solar projects

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Chief minister Mamata Banerjee on Wednesday launched twin projects in solar power and leather with a total investment of Rs 1,250 crore that will also entail major employment opportunities. Both projects involve foreign funding by way of debt and equity.
Later, elaborating on the power project, state industry minister Amit Mitra said West Bengal State Electricity Distribution Company (WBSEDCL) has undertaken to set up a 200MW solar park at Dadanpatrabar in East Midnapore with financial assistance of KFW Germany and the state government.

An MoU in this regard was signed between WBSEDCL and KFW during Bengal Global Business Conclave in Digha in November 2019. The total project outlay is Rs 1,200 crore. This involves Rs 960 crore financial assistance from KFW and the state’s contribution would be Rs 240 crore.

The project’s land requirement would be 1,032 acres in two phases of 532 acres and 500 acres. “These are mainly salt land. Due to this project, 5 lakh tonne of carbon emission would be stopped,” Mitra added.

WBSEDCL chairman Santanu Basu said the project would produce 350 million units of power a year. The completion target for the project, expected to employ several thousands, would be June 2022.

Elaborating on the leather project at Calcutta Leather Complex (CLC) in Bantala, Mitra said it would be funded by European Union (EU) and implemented by Dutch company Solidaridad. The project is for waste management and capacity building to boost exports to EU.

CLC president Ramesh Juneja later said the investment would be a little over Rs 35 crore. “It would mainly convert waste into product, and eventually CLC would have zero waste,” he said. The new project would add more units to the existing 375 in the complex.

CLC accounts for a majority of the Rs 6,000 crore leather goods exports from the eastern region.

Source: TimesofIndia

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