Country’s largest power producer NTPC will invest nearly Rs 12,000 crore for setting up 1,600 MW first stage of the Lara thermal project in Chhattisgarh.
NTPC’s announcement today comes a day after the company increased its generation capacity to 39,674 MW.
The board of directors of NTPC, during their meeting yesterday, approved an investment of Rs 11,846 crore for the first stage (1,600 MW) of the Lara Super Thermal Power Project in Chhattisgarh.
In a regulatory filing, NTPC said the first stage — having two units of 800 MW each — is to be implemented “at an appraised current estimated cost of Rs 11,846 crore subject to environmental clearance of Ministry of Environment and Forests (MOEF)“.
The project, which would have a total capacity of 4,000 MW, is expected to see an overall investment of about Rs 30,000 crore, according to a company official.
Electricity generated from the Lara project, to be funded in the debt to equity ratio of 70:30, would be supplied to the states of Chhattisgarh, Maharashtra and Goa.
Meanwhile, NTPC’s generation capacity has increased to 39,674 MW, with the commissioning of another 500 MW unit at its joint venture plant in Haryana.
The third unit of 500 MW has been commissioned at the Indira Gandhi Super Thermal Power Project. The plant is run by Aravali Power Company — a joint venture of NTPC, Haryana Power Generation Corp and Indraprastha Power Generation Corp.
The plant is located in Jhajjar, Haryana.
The company aims to have an installed capacity of 1,28,000 MW by 2032.