Hinduja National Power has commissioned a 1,040 mw power project in Visakhapatnam. The project includes two units of 520 mw each.
“The entire power generated by project is being given to state owned Southern and Eastern Power Distribution Companies of Andhra Pradesh. It will primarily cater to the growing needs of the rising industrial demand in and around the city of Visakhapatnam and the Southern Region, which includes some of the fastest growing economies in the country,” said Ashok Puri, Managing Director.
The project cost is estimated at $1.25 billion and has been financed by a mix of debt and equity. A State Bank of India-led consortium of 15 Indian banks is a lender to the project, according to the company.
The project has been allocated coal by Mahanadi Coalfields Limited.
Andhra Pradesh is the first state to implement 24×7–Power for All Scheme. Its total installed capacity is 15,311.17 Mw and it aims to achieve 29,000 Mw by 2019.
Part of the Hinduja Group, Hinduja National Power Corporation Limited, has set up this Greenfield 1,040 thermal power plant on the coast of Bay of Bengal at Palavalasa village in the Visakhapatnam district of Andhra Pradesh.
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