Hyderabad, February 24: The State government and Brighton Equipment Corporation of USA on Tuesday evening inked a Memorandum of Understanding for a Rs.2,900-crore nuclear power plant at Nakkapally in Visakhapatnam district.
The MoU was signed at the Secretariat in the presence of Chief Minister N. Kiran Kumar Reddy.
Expressing happiness over the company’s decision in setting up the mega plant, he assured the State’s cooperation for speedy completion of the unit. He added that 800 acres of land earmarked for the purpose was problem-free land that belonged to the government, according to a release from the CMO’s office.
Officials told the Chief Minister that about one lakh people would get employment once the plant was completed in five years.
They termed it one of the biggest foreign direct investment unit in the State in recent times and said all infrastructure facilities like water, power and road connectivity would be ensured.
Another press release said the State Investment Promotion Board on Wednesday cleared proposals for setting up 25 industries worth a total of Rs.25,672 crore with the potential to employ 41,406 persons directly and over 1.20 lakh more indirectly.
-Agencies