Hong Kong-based CLP Group will invest Rs 6,000 crore for developing a 2x660 thermal power project at Jhajjar in Haryana, a top official of the company said today.
Hong Kong-based CLP Group will invest Rs 6,000 crore for developing a 2x660 thermal power project at Jhajjar in Haryana, a top official of the company said today.
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The company has floated a special purpose vehicle (SPV), Jhajjar Power Ltd, for executing the project, which is likely to be commissioned in May 2012.
"The investment in the 1,320 MW project would be to the tune of Rs 6,000 crore and the project would be commissioned in May 2012," CLP Managing Director (India) Rajiv Mishra said.
Haryana would get 90 per cent of the power generated at the plant and the remaining 10 per cent would be supplied to Delhi. The foundation for the plant would be laid by Haryana Chief Minister Bhupinder Singh Hooda in Jhajjar tommorrow.
"The first unit of the plant would be commissioned in December 2011 and the second one in May 2012," Mishra said. The main plant equipment (turbines, generators) would be sourced from Chinese companies, DongFang and Harbin.
The project is being funded by a group of banks led by IDBI with the debt equity ratio of 70:30.
The coal for the project would come from the Central Coal Fields.
CLP has invested around 2 billion US dollar (about Rs 10,000 crore) in the power sector in the country.
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