Date:13/05/2007
URL: http://www.thehindu.com/2007/05/13/stories/2007051311821300.htm
New thermal power plant for Maharashtra
Special Correspondent
The 540 MW project is expected to generate 3,500 million units per annum
NEW DELHI: KSK Energy Ventures Private Limited on Saturday announced the launch of a 540 MW thermal power project at Warora, in Chandrapur district of Maharashtra, through a Special Purpose Vehicle — Wardha Power Company Private Limited. The project involves a total investment of Rs. 2,400 crore. On completion, it will generate about 3,500 million units per annum.
The company entered into a deal with the Gujarat Mineral Development Corporation, which has been allocated a coal block in Chhattisgarh. The GMDC retains the right to invest up to 26 per cent of the power project's equity. Maharashtra Industrial Development Corporation has provided 94 hectares for the project.
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