Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Jaiprakash Hydro-Power to add 2,000MW capacity
BackBack

Jaiprakash Hydro-Power to add 2,000MW capacity

Jaiprakash Hydro-Power to add 2,000MW capacity

Premium

Mumbai: Jaypee Group firm Jaiprakash Hydro-Power has plans to add 2,000MW power generation capacity comprising hydro and thermal in the current five-year plan period ending 2012.

“Jaiprakash Hydro-Power will be the only company in private sector which will contribute 2,000MW in the 11th plan to the nation," claimed company’s founder chairman Jaiprakash Gaur in the annual report.

Jaiprakash Hydro-Power has a total capacity of 300MW. It is a hydro power plant in Himachal Pradesh.

The company has plans to add over 13,520MW with a mix of thermal and hydro in less than seven years, Gaur said, adding that the company’s 1,000MW Karcham Wangtoo project in Himachal Pradesh would be implemented by 2011.

“In addition, with 3,200MW projects coming up in Arunachal Pradesh and 720MW in Meghalaya, the Group will have total hydropower generation capacity of over 5,000MW by 2016," he said.

The company projects to have 2,300MW of generation capacity with a 77:23 hydro and thermal mix by 2012. The ratio would just be the reverse-77% thermal and 23% hydro in FY’14 when Jaiprakash Hydro-Power would have a total capacity of 7,520MW.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Aug 2009, 03:20 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie