Udupi: The Udupi Power Corporation Limited (UPCL), a subsidiary of Adani Power Limited, will set up two more units of 800 MW each at a total cost of Rs 11,500 crore. The UPCL has acquired 724 acres to set up the units.

Out of the 724 acres, 168 acres will be used to set up the main plant. While 280 acres would be set aside for a green belt and coal handling plant, 276 acres would be used setting up the ash pond, informed UPCL executive director Kishore Alva.

Alva further stated that UPCL has already acquired 69 acres and is going for a final price fixation for the remaining 555 acres. The project is expected to be complete by 2020. While Rs 18 crore has already been deposited with the KIADB towards land acquisition, Rs 50 crore has been disbursed as compensation. Creating a record in the history of land price fixation in the state, the UPCL is paying a compensation of Rs 40 lakh per acre to the land losers for Phase II, he said.

The land losers are being paid appreciated values for their structures, horticultural crops and forest trees. One or two family members of land losers will be given jobs depending on their educational qualification, informed Alva.

The UPCL after the completion of two units will supply 2,800 MW?power to the state, the highest by any private power producers.