Financial Daily from THE HINDU group of publications
Friday, Nov 01, 2002

Port Info

Group Sites

Industry & Economy - Power

KVK Energy signs pact for plants in Chhattisgarh

Our Bureau

NEW DELHI, Oct. 31

KVK Energy Private Ltd, a Hyderabad-based power generation company, has signed a memorandum of understanding (MoU) with the State electricity board of Chhattisgarh for setting up two thermal power units of 67.5 MW each at Korba. Through this private sector initiative, the power-rich State will add an additional 135 MW to its energy capacity.

Under the MoU, KVK Energy is to set up the two 67.5 MW thermal units at an expected cost of less than Rs 3 crore per MW. The project, slated to be ready in the next 24 months, entails an initial investment of Rs 354 crore. The independent power producer (IPP) plans to sell the power generated at the units to States such as Rajasthan and Delhi.

The tripartite MoU was signed by the State Power Secretary, Mr Ajay Singh, the Chairman of the Chhattisgarh State Electricity Board, Mr Gopal Tiwari, and the Director of KVK Energy, Mr K.V. Kumar, in the presence of the Chief Minister, Mr Ajit Jogi.


The National Thermal Power Corporation (NTPC) has already started construction of its 2,640 MW Sipat super thermal plant (STP) and is adding another 600 MW at its Korba complex. The Gujarat Government is also setting up a 500 MW power plant in the State, according to Chhattisgarh Government sources.

Send this article to Friends by E-Mail
Comment on this article to

Stories in this Section
Govt assurance on Reliance probe

TNPCB may not grant nod for waste project
KSIDC to lay emphasis on promotional activities
`100% success rate in Godavari gas wells'
Petro prices up
Over 400 objections to power tariff plan filed with TNSERC — Schedule for public hearings announced
Chamber flays TNEB tariff proposals
Central funds only for States implementing power reforms
KVK Energy signs pact for plants in Chhattisgarh
Kerala seeks review of Kelkar proposals
Additional Group-II textile quota for US
World Bank aid for Kerala Govt hospitals
Medical centre at Technopark
Police Housing Corpn now turns IT-savvy
For NRIs, home is where the heart is...
Bank rate cut short of industry expectations
MIDC, Chatterjee group tie up for biotech park
Low-cost science expo
Seven in fray for 3 AP co-op mills in re-tender
Amcham offers partnership to make India an attractive FDI destination
TN Govt staff to continue agitation
Meet to educate lay investors, consumers
CII lays stress on supply chain competency
EPFO Vigilance Awareness Week
Software exports up 25% in first half
`Rural folk worst-hit by strained basic services'

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line