India Power Corporation Limited (IPCL) and its subsidiary DPSC Limited, a power generation and distribution group, today said they planned to invest Rs26,450 crore over the next four years in the power segment in India.
DPSC is a power generation and distribution company under Andrew Yule Group, which was taken over by IPCL last year. IPCL is the holding company of DPSC.
According to DPSC Ltd chairman, Hemant Kanoria, IPCL and DPSC having an installed power generation capacity of about 77.4 MW, would be adding another 4,362 MW with an investment of about Rs25,000 crore by March 2015.
Kanoria added that the locations were Rajasthan, West Bengal, Bihar, Gujarat and Madhya Pradesh.
He added, in power transmission and distribution segment, DPSC would invest around Rs1,450 crore.
Kanoria further said that a 60 MW wind power facility was under construction and was likely to be accredited by March next year in Rajasthan.
In West Bengal, a 450 MW thermal coal facility in Haldia and a 540 MW facility in Raghunathpur would be accredited in 2013 and 2014 respectively.