Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Power Energy |
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| 03/08/2010 09:30:00 AM |
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Mumbai, Mar (EPC News): L&T Power Development Company, a part of L&T Group, will be investing Rs30,0000 crore in power generation by 2015 cater to the growing demand for electricity, said A K Chatwani, Sr. Executive Vice President and Member Corporate Management Committee on Monday. |
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The company will be constructing three power plant consisting of 800X2 (1600 mw) each in Rajpura, Punjab, which will be the first one to commission; in Chhattisgarh for Karnataka and tentatively in Orissa. All the three power plants will be coal based power plants. Says Chatwani, "We are planning to buy coal mines in Australia and Indonesia."
The company said that they will be putting power generation plants in Maharashtra, Gujarat and down south. "Our aim is to generate 5000 mw power by the end of 2015," said the executive vice president.
At present L&T Power has signed MoU with Karnataka, where the company is obliged to supply 50% of power to Karnataka. Another 5% was to go to Chhattisgarh and the balance could be sold as merchant power.
As well as the company will be signing MoU with Orissa government to put up a power plant. Says Chatwani, “All the MoU are Special Purpose Vehicle in itself.â€
As far as power project in Rajpura is concern, the company has acquired land and is expecting financial closure by mid June this year. The Rajpura project will be funded with a debt-equity ratio of 80: 20.
By Rahul Kamat
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