Shishir Bajaj led-Bajaj Group on Tuesday commissioned its 660 MW thermal power plant at Lalitpur in Uttar Pradesh.
Lalitpur Power Generation Co Ltd (LPGCL), had signed an agreement with the UP government in 2010 to set up 1980 MW (3 units of 660 MW each) super critical thermal power plant at Lalitpur in the Bundelkhand district. "The first of the three units of 660 MW each was successfully commissioned today," LGPCL said in a statement.
The other two units are in an advanced stage of completion and are scheduled for commissioning soon, it added. Bajaj Group has interests in sugar, power, real estate, personal care products and infrastructure. Bajaj Hindusthan is the country's largest sugar firm.
The group's power venture includes Bajaj Energy Private Ltd, which has 450 MW thermal power generation commissioned in 2012, and the LPGCL.
"The main plant package is being executed by BHEL while other important packages are being completed by established vendors including L&T, Simplex and Paharpur," the statement said.
LPGCL said that the commissioning of the first unit of 660 MW at Lalitpur is expected to reduce the State's dependence on the energy exchange.
Consequently, this will also lower congestion on the transmission network. "Such commencement of LPGCL strengthens the presence of the Bajaj Group as a major power producer in the state of Uttar Pradesh where they already have a presence through their existing 450 MW thermal power capacity. This marks an important milestone in their expansion efforts," LGPCL said.
The project has been supported by about 21 Scheduled Commercial banks through a consortium with SBI as a Lead and IIFCL as a major Infrastructure Financier.