Bhubaneswar: Odisha Government has assured that its proposed amendments to the power sector policy will apply exclusively to upcoming thermal generating projects. This means the new framework will not affect existing Independent Power Producers currently supplying power to the State under previously executed Power Purchase Agreements.
As a result, the existing availability of power at variable costs will continue under prevailing arrangements. The government emphasized that this policy revision will have no impact on the current Bulk Supply Price or the Retail Supply Tariff paid by consumers.
According to officials, the revision was undertaken after a careful review of the current industrial and economic scenario. The primary objectives are to attract fresh investments into the power sector, accelerate industrial growth, and build an investment-friendly ecosystem that enhances investor confidence. The government aims to facilitate industrialisation and boost overall economic development while safeguarding the public interest.
The state expects the establishment of new thermal power projects to stimulate significant economic activity across multiple sectors. This includes the development of ancillary industries, logistics, transportation networks, engineering services, and local supply chains.
Furthermore, these investments are projected to create large-scale direct and indirect employment opportunities for local residents during both the construction and operational phases. The growth is also expected to support MSMEs, contractors, transporters, and service providers.
The resulting increase in industrial and commercial activity is anticipated to contribute substantially to the State exchequer through State GST and other statutory revenues. This boost in revenue will strengthen the State’s financial capacity to fund infrastructure development and welfare activities.
The State Government reiterated its commitment to protecting consumer interests while simultaneously driving industrial growth, job creation, and long-term economic development.