CESC revives Balagarh power project in West Bengal
April 29th, 2010 - 5:38 pm ICT by IANSKolkata, April 29 (IANS) Power utility CESC has revived plans to set up a 1,320 MW power plant in Balagarh in Hooghly district of West Bengal, a company official said Thursday.
“We have already acquired 800 acres for the project. The first phase will have 660 MW capacity,” Sanjeev Goenka, vice-chairman of the RPG group company, told reporters here.
The total investment for the first phase will be around Rs.3,200 crore, he said. Work would start within 15 months and is expected to be complete in 2013-14.
CESC, which owns and operates four thermal power plants generating 1,225 MW, has plans to increase capacity to about 5,745 MW by 2014.
It has projects coming up in West Bengal and Maharashtra and has proposed to set up plants in Jharkhand, Orissa and Bihar.
Goenka said the company was planning to enter the renewable energy space.
The city-based firm posted a net profit of Rs.100 crore for the fourth quarter (January-March) of 2009-10 compared to Rs.94 crore for the corresponding quarter in 2008-09.
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- CESC's Haldia thermal power project by 2013-14 - Jul 29, 2011
- CESC plans to raise Rs.1,200 crore in equity - Dec 07, 2010
- IPCL, DPSC to invest Rs.26,450 crore in power - Jul 20, 2011
- Phillips Carbon to invest Rs.200 crore for new plant - Apr 28, 2010
- CESC acquires over 50 percent stake in DIPL - Aug 29, 2009
- Reliance Power's second quarter operating revenue up 189 percent - Nov 08, 2011
- CESC posts Rs.102 crore net profit in third quarter - Jan 22, 2010
- Shanghai Electric to supply equipment for Haldia plant - Sep 15, 2011
- Calcutta power utility earns Rs.4,000 crore in FY11 - Apr 29, 2011
- Phillips Carbon Black profit slumps - May 03, 2011
- CESC to set up its first hydropower unit - Dec 07, 2010
- Adani Power's Q1 net profit up 54 percent - Aug 04, 2011
Tags: 15 months, april 29, bihar, fourth quarter, group company, jharkhand, kolkata, maharashtra, mw capacity, net profit, orissa, power plant, renewable energy, rpg group, thermal power plants, vice chairman, west bengal