110842 Investors following Larsen. Share this News with them.
0
Like this story, share it with millions of investors on M3
L&T Power plans 5,000 mw capacity by 2015
L&T Power Development Ltd, a unit of engineering and construction firm Larsen & Toubro Ltd, plans to install power plants of 5,000- megawatt capacity by 2015, a top official said on Monday.
L&T Power Development Ltd, a unit of engineering and construction firm Larsen & Toubro Ltd , plans to install power plants of 5,000- megawatt capacity by 2015, a top official said on Monday.
The installation will need funding of Rs 300 billion, and Rs 70-80 billion of this would be in equity capital, R Shankar Raman, senior vice president at the parent firm told a media briefing.
Its first power plant of 1,400-megawatt in the north Indian state of Punjab is expected to start by January 2014, even as it sets up two more units of 1,600 megawatt each, said the parent firm's senior executive vice president, AK Chaatwani.
One of the 1,600-megawatt units is coming up in Chhattisgarh, while the location for the other unit is yet to be decided, he added.
L&T Power Development has already invested Rs 5 billion for the Punjab unit and expects to pump in Rs 20 billion more in the next two years, Raman added.
"Right now we are focusing on generation, then we will focus on transmission," Chaatwani said.
The company will need 25-million tonnes of coal per year to fire its 5,000 megawatt capacity and a fifth of this is likely sourced from abroad, he added.
