Sahara to set up 6,000 MW thermal power capacity in India

Sahara India Power Corporation has teamed up with South Korean government-run firm Korea East-West Power Company to set up a total of 6,000 MW capacity in thermal power plants in India. The companies have signed an agreement to jointly participate in tariff-based bidding for ultra mega power projects as also look for other opportunities in India to add a total capacity of 6,000 MW, a company statement said. 
 
The new deal follows an earlier tie-up between Sahara India Power Corporation and Korea East-West Power Company for setting up of two 660 MW power plants at Titlagarh in Orissa with an outlay of Rs8,000 crore.
 
According to Ashok Bhargava, chief executive of Sahara India Power Corporation, the association would introduce world-class high-end technology in power generation. The creation of 6,000 MW of power generation capacity through mega and ultra mega projects would also reduce power deficit in the country, he added.
 
Though Sahara India did not comment on the investment amount envisaged under the deal, industry experts say the cost of setting up 6,000 MW capacity would be at least Rs24,000 crore.