IL&FS Energy Development Company is executing 10,000 MW coal and gas based projects, and some of them are expected to start generation in the next one year.
As said by the company during the event organized by Independent Power Producer's Association of India, it has 4,000 MW coal based thermal power projects coming up in Cuddalore, Tamil Nadu. It will be having 6 units of which two will be commissioned by December 2014. The company is likely to the sign the PPA (Power Purchase Agreement) with Tamil Nadu for 15 years.
IL&FS Energy has also envisaged setting up of some other projects as below:
- 4,000 MW thermal plant in Gujarat
- 2,000 MW gas-based plant and an LNG (Liquefied Natural Gas) terminal alongside the plant
- 1,000 MW gas-based capacity in its kitty would do so by executing a 750 MW gas based plant in Joint Venture with ONGC in Tripura using the state-run company's gas.
Further, iron ore miner NMDC has decided to rope in IL&FS Energy Development Company as joint venture partner for setting up a 500 MW thermal power plant in Uttar Pradesh with an estimated investment of Rs 2,000 crore. IL&FS Energy would arrange coal for the power plant either through purchase, auction or long-term fuel supply agreement.
In addition to the conventional energy projects, the company is also hopeful of completing 1,000 MW wind power projects during this year.
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