NEW DELHI: Sahara India Power
Corp Ltd will set up 6,000-mw power plants in India in association with Korea
East-West Power Co Ltd.
The companies have entered into
an agreement to jointly participate in tariff-based bidding for ultra mega
power projects and other opportunities in India to add up to a total capacity
of 6000-mw, the official statement said.
The two companies would explore
possibilities of power generation through thermal, hydro and solar resources,
it said.
The two companies are already
setting up a 1,320-mw power generating plant at Titlagarh in Orissa with an
investment of about Rs 8,000 crore.
Sahara India Power Corp chief
executive officer Ashok Bhargava said, "We are delighted to partner with
Korea East - West Power Co, Ltd. in setting up 6,000-mw power projects in
India."Korea East-West Power Co has a power generating capacity of 9,509
mw in that country.
Korea East-West Power Co
president and chief executive officer Lee Gil Gu said, "We are happy to
associate with Sahara India Power Corporation Ltd. and bring in our
international expertise in power generation. India is an important country for
us as it is one of the emerging powers of the world and with Sahara India Power
as our partner we are confident that our projects will serve the energy
requirement in the all round integrated further development of India."
Source: ET
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