CESC, the Kolkata-based power utility, plans to invest around Rs 35,000 crore during the 12th Plan (2012-2018) through a combination of debt, equity and internal accruals.
The RPG group company has set a target to commission all its six thermal projects, which are at various stages of implementation across the country, by 2013.
Around Rs 20,000 crore from the Rs 35,000 crore corpus will
be channelled into the six projects which would give the company a generating capacity of 5,000 mw.
The balance, Rs 15,000 crore, would go into hydel power, which the company has just begun exploring by bagging the 140 mw Lara-Sumta hydel power project from the Himachal Pradesh
government.
CESC expects to have around 2,100-2,500 mw in hydel capacity by 2018.
Currently, CESC’s generating capacity is 975 mw but, according to Sanjiv Goenka, vice-chairman of RPG Enterprises, it will soon touch 1,250 mw in the next few days with the commissioning of the third, 250 mw, unit at Budge Budge in West Bengal.
Goenka said CESC was exploring options to acquire hydel power projects in the North-East and Himachal Pradesh.
Of CESC’s thermal power projects, the 600 mw Chandrapur project in Maharashtra is close to finalising contracts with a Chinese equipment vendor following its financial closure recently. Land acquisition is on for the 600 mw Haldia project.
For its 2,000 mw Bihar project, applications are before the state government with land acquisition underway, while in Jharkhand the location of the 1,000 mw project could be shifted to facilitate land acquisition.
For the 1,200 mw first phase project in Orissa, CESC is poised to get the coal linkage.
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