Greater Noida: Owing to the delay in the approval from the Centre and the state government, the fate of Noida Power Corporation Limited (NPCL) project to set up a power plant still hangs in a balance.

The project is yet to get a No-Objection Certificate to receive the clearance from the Ministry of Environment and Forests. Although the process for technical evaluation of tenders' bids for the project has been completed.

The corporation has already acquired 34 acre land for setting up the plant.

Notably, NPCL has undertaken the project of setting up a gas based 400 MW power plant which is estimated to be worth Rs 2,000 crore.

NPCL had invited international tenders from across France, Spain and half a dozen other foreign countries for setting the power plant in Jansamana Village.
Sixteen foreign companies were cleared for allocating tenders but the issue of financial bid came in the way.

Since the power plant project falls in NCR and Uttar Pradesh, it needs approval of the Centre as well as the state government. Speculations are rife that delay in the approval has hindered the project.

Commenting on the project, NPCL Deputy Manager Samarjeet Mohanti said that financial bid would be invited soon after getting NOC from the Environment Ministry.