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"We hope to sign the loan agreement for the project with interested lenders in a month's time," said Shah.
"The developer has already in place approvals required from the state pollution control board and forests department for implementing the project," he added.
Under a long-term agreement, GSPC will supply 3.2 million standard cubic metres of gas at market-determined prices to help the project meet its fuel requirement on an assured basis.
The variable component of the electricity tariff at the estimated project cost works out to Rs.3.33 per unit. But the state electricity regulatory commission will decide the final tariff for the project, said officials.
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