Commodity Online

NEW DELHI: Prime Minister Manmohan Singh will lay the foundation stone for the 1500 mw Pragati Phase III gas based power plant ,to come up at an estimated cost of Rs 4,500 crore in West Delhi.

Union Power Minister Sushil Kumar Shinde and Petroleum Minister Murli Deora will also be present on the occasion.

Pragati Power Corporation has signed agreements with Bharat Petroleum Corporation, GAIL and Indian Oil Corporation for supply of two million standard cubic meters per day of gas each to fire the power station.

The gas supply for the power project will be arranged by Petronet LNG.

India