Kolkata, April 29 (Inditop.com) 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.
