IPCL – DPSC to invest Rs26,450 crore in power
India Power Corporation Ltd (IPCL) and DPSC Ltd, power generation and distribution group embarks on an investment plan of Rs.26,450 crore in the next few years in the power sector across India. DPSC is a 91 year old generation and distribution company under Andrew Yule group which was taken over by IPCL last year. IPCL has been in the power generation business since 2006 having wind power plants in Karnataka and Gujarat.
IPCL – DPSC are having an installed capacity of power generation of about 77.4 MW adding another 4362 MW with an investment of about Rs.25,000 crore. The various locations are Rajasthan, West Bengal, Bihar, Gujarat and Madhya Pradesh. In Rajasthan 60 MW wind power is under implementation and expected to be commissioned by 31st March, 2012.
In West Bengal, a 450 MW thermal coal Plant in Haldia and 540 MW plant in Raghunathpur will be commissioned within 2013 and 2014 respectively. 1320 MW in Bihar, 1320 MW in Gujarat and 660 MW in Madhya Pradesh are at various stages of project development.
To strengthen its Distribution Network, DPSC plans to set up 220 and 400 KV stations within the licensed area to provide required connectivity with the National and State grid. It also plans to strengthen the Distribution Network by augmenting its lines and setting up several 33 kV Substations across its network to provide better services to its consumers. In this segment, the new investment will be around Rs 1,450 crore in the next few years capable to cater to a load growth of 1000 MVA in the license area.
Post expansions, there will also be enhanced connectivity with Central Transmission Utilities (CTUs) and the T&D losses could further be reduced to 2% or below, once these projects are in place.
Commenting on the development, Hemant Kanoria, Chairman, DPSC Ltd said, “DPSC as a power utility has always been dedicated to the industrial growth in the State of West Bengal for the last 91 years. In furtherance to the vision of the new Government to make West Bengal self sufficient in power, IPCL – DPSC has embarked on an ambitious growth plan. We will endeavour to provide quality power to industries at an optimum price which will enhance their competitiveness.”