India Power Corporation Limited (IPCL) and DPSC Limited , a power generation and distribution group, declared their plan to make investment of Rs 26,450 crore by the next four years in the power segment crosswise India.
IPCL is the holding company of DPSC, which is a power generation and distribution company under Andrew Yule Group, which was taken over by IPCL last year.
DPSC Ltd chairman Mr. Hemant Kanoria stated, “IPCL and DPSC, having an installed capacity of power generation of about 77.4 MW, will be adding another 4,362 MW with an investment of about Rs. 25,000 crore by March, 2015.”
“The locations are Rajasthan, West Bengal, Bihar, Gujarat and Madhya Pradesh,” Kanoria said.
“In power transmission and distribution segment, DPSC will invest around Rs. 1,450 crore,” he added.
Mr. Kanoria also said that a 60 mega watt wind power facility was under construction and likely to be accredited by March next year in the state of Rajasthan.
In the state of West Bengal, a 450 mega watt thermal coal facility in Haldia and a 540 mega watt facility in Raghunathpur will be accredited in 2013 and 2014 respectively.
“At Haldia, we have more than 200 acres of land. Construction works are going on there. At Raghunathpur, we already have 155 acres of land and we are open to private purchase of more land,” Mr. Kanoria added.
Mr. Kanoria also said that 1,320 mega watt facility in the state of Bihar, 1,320 mega watt facility in Gujarat and 660 mega watt facility in Madhya Pradesh were at different points.
On distribution system of DPSC, the chairman added that it has decided to establish 220 KV and 400 KV stations in the certified region to offer up necessary connectivity with the national and state grid.