<< 12:01 PM (WED): ABG Shipyard acquires Rs970 cr Navy order | 12:55 PM (WED): Interarch bags Rs40 cr Asian Paints project >>

11:52 AM (WED): Karma Energy plans Rs240 cr investment for Dhule power project

Mumbai, June, 29 (EPC News): Karma Energy, the subsidiary of Weizmann Ltd plans to invest Rs240 crore to set up a 60 MW power project at Dhule in Maharashtra. The project is estimated to be operational by2013.

"The land we have acquired is a forest land. It has cleared stage one. The land will be procured in six months time and we will start our work there," said Karma Energy Managing Director G N Kamath.

The company which is currently investing Rs30-40 crore per annum in projects, also plans to shed an investment of Rs75-100 crore in the coming years. Commissioning for the firms first 3.5 MW hydel power project at Bhatot in Himachal Pradesh will commence from this August and the 4MW project in the same district will be functional within 2 years.

EPC News Bureau

Posted by: epcworld | Posted on:6/29/2011 at 8:38 AM

Related posts

10:36 AM (Wed): CESC to revive Balagarh power project with Rs10,500 cr investmentRP-Sanjiv Goenka Group owned CESC Ltd, plans to shed an investment of Rs10,500 crore to revitalize t...11:33 AM (WED): Reliance Power targets for Rs5,000 cr in carbon credits from 3 ultra-mega projectsReliance Power targets to attain Rs5,000 crore from carbon credit from the three ultra megapower pro...11:06 AM (Wed): Power Min calls for increasing US investment in Indian power sectorUnion Minister of Power Sushilkumar Shinde invited US corporate to explore the emerging investment o...