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CESC to invest Rs 16,000 crore

business Updated: Aug 22, 2007 23:05 IST
Radhika Pancholi
Radhika Pancholi
Hindustan Times
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Calcutta Electric Supply Corporation (CESC) Ltd, the flagship company of the RPG Group, plans to look beyond Calcutta and West Bengal. The company plans to add about 4,250 MW utilities to its existing 2,250 MW in Bengal for Rs 16,000 crore.

“The expansion includes adding 250 MW to our existing plant at Budge Budge by 2009,” RPG Group Vice-Chairman Sanjiv Goenka said.

CESC has also received clearance for the 2,000-MW plant in Haldia, for which work would begin soon. “We have already got the green signal from the state government for our Haldia plant and we plan to begin work very soon,” Goenka said. Apart from Haldia, CESC would be starting a 1,000 MW plant in Jharkhand and a 1,000 MW plant in Orissa. “We are expanding in the power generation segment in a big way and would be investing Rs 16,000 crore in setting up these additional utilities,” Goenka added.