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CLP Holdings Ltd to invest $2bn for 2000 Mw coal fired power plant in Gujarat

Company is currently undertaking a feasibility study for the power plant that is most likely to be fuelled by imported coal

BS Reporter  |  Gandhinagar 

Adding further capacity to its already running gas-based 600 Mw power plant in Paguthan, Bharuch, Hong Kong-based China Light & Power (CLP) Holdings Limited is planning a 2000 Mw coal-based power plant in Gujarat.

According to Richard Lancaster, chief executive officer of CLP Holdings Limited, the company is currently undertaking a feasibility study for the power plant that is most likely to be fuelled by imported coal.

"Our gas fired power plant is nearing end of its power purchase agreement. It has come at a time when affordable gas availability is constrained. An additional capacity would be better placed with environmentally clean coal fired power plant. We are looking at feasibility of a coal based power plant, of which coal sourcing is also a major part," Lancaster said in a media briefing on the sidelines of the Global CEO Conclave which is being held at Gandhinagar, as part of the 7th edition of Vibrant Gujarat Global Summit 2015.

The project cost for the 2000 Mw coal-based power plant is estimated at around $2 billion (Rs 12,400 crore roughly).

The company also evinced interest in developing renewable energy, especially in the form of solar and wind farms in India. "Our main focus is on renewable energy and we want to grow our portfolio of wind farm and solar farm. We would be keen to invest in solar farms in India," Lancaster stated.

Meanwhile, talking about the Global CEO Conclave, Lancaster said that the global CEO community is trying to understand how the investment environment in India will be playing out in near future. "The international community has been hearing positive messages about reforms that the new government intends to bring in and it would be interesting to see how these reforms are put into practise," Lancaster added.

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First Published: Sun, January 11 2015. 20:57 IST
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