Consortium plans power investment

Our Bureau Kolkata | Updated on July 20, 2011 Published on July 20, 2011

A consortium of India Power Corporation Ltd (IPCL) and DPSC Ltd today proposed an investment of Rs 26,450 crore in the power sector in four to five years.

Controlled by a consortium of SREI Infra and Jyoti Kumar Poddar-promoted IPCL, DPSC currently generates 40 MW and has distribution rights in the industrial area of Asansol in South Bengal.

According to Mr Hemant Kanoria, chairman of DPSC, nearly Rs 25,000 crore of the investment outlay will be utilised for adding 4,362-MW generation capacities in West Bengal (990 MW), Bihar (1.320 MW), Gujarat (1.320 MW), Madhya Pradesh (660 MW), Rajasthan (60 MW wind power) and other places. Apart from Rajasthan, the rest of the capacities will be coal based.

Approximately Rs 1,450 crore will be spent towards strengthening of DPSC distribution network in Asansol.

Mr Kanoria said the 450 MW thermal coal plant in Haldia in West Bengal and the 2X270 MW plant in Raghunathpur will be commissioned in 2013 and 2014 respectively. The Haldia project would be on over 200 acres while the Raghunathpur project will need 300 acres.

The financial closure of Haldia plant was almost complete while that of Raghunathpur was under way, he added.

Published on July 20, 2011
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