BL reported that Kolkata based Jain Energy Limited has entered into a MoU with Madhya Pradesh for setting up a 1,000 MW coal based power plant in Shadol district with an investment of INR 5,000 crore.

Jain Energy has previously entered to a MoU with the Chhattisgarh Government for setting up a similar project at Balpur of Janjgir in Champa district.

According to Jain Energy, discussions are on with the governments of Orissa, Jharkhand and West Bengal for setting up Greenfield power projects. It said that expression of interest is submitted for hydro power projects in Arunachal Pradesh and Bhutan.