2004 : Government of Jharkahand signed Memorandum of Understanding for 1,000 MW - coal fired Independent Power Plant (IPP) adjoining to Patratu Thermal Power Station at Patratu.
2005 : Jharkhand State Electricity Board approved a Joint Venture with Eastern Energy Limited for Replacement, Refurbishment, Modernization of old / exisitng Patratu Thermal Power Station.