S K Steel planning to set up Power Plant Project in Karnataka

S K Steel has proposed constructing a 5 MW power facility in Koppal, Karnataka. The project is still in the design phase, but completion is anticipated in 2024. The facility will generate electricity for the Karnataka grid using biomass fuel. The plant is anticipated to generate approximately 100 employment. Koppal is a location with excellent access to transportation networks that is well-connected. Additionally, it is nearby to the biomass resources required to fuel the plant. The initiative represents a significant investment by S K Steel and demonstrates the company's dedication to sustainability. The facility is anticipated to increase the production of renewable energy in Karnataka and contribute to the state's rising energy demand. The estimated initial investment for S K Steel's 5 MW power plant initiative in Koppal, Karnataka, was 25 crore rupees. 

The company has now revised the investment amount to Rs. 200 billion. Due to the rising cost of raw materials and apparatus, investments have increased. The company intends to add additional features to the facility, including a solar power plant and a rainfall collection system. The revised investment is still substantial for a small plant, but it demonstrates the company's dedication to sustainability. The facility is anticipated to increase the production of renewable energy in Karnataka and contribute to the state's rising energy demand. Here are some of the key features of the S K Steel power plant project: Location: The plant will be located at Koppal, Bengaluru Rural, Karnataka. 

This is a strategic location as it is close to the biomass resources needed to fuel the plant and has good access to transportation networks. Capacity: The plant will have a capacity of 5 MW. This is a small capacity, but it is a significant step towards the use of renewable energy in Karnataka. Fuel: The plant will be fueled by biomass. This is a renewable fuel that can be used to generate electricity without emitting greenhouse gases. Investment: The project is expected to cost Rs. 25 crore. This is a major investment for a small plant, but it is a sign of the company's commitment to sustainability. Jobs: The plant is expected to create around 100 jobs. This is a significant number of jobs for a small plant and will boost the local economy. The S K Steel power plant project is a major development for the Karnataka renewable energy sector. The plant is expected to boost the production of renewable energy in the state and help to meet the growing demand for power in the state. The project is also expected to create jobs and boost the local economy.

As of September 2023, The project is in the final stages of completion work on the project is finished between 75% & 80% of the time the work on the project will be finished by 2023 or 2024.

News by Rahul Yeligetti