The Hinduja Group plans to renew its thrust into India's power sector with the much delayed Vizag project in India expected to be fully operational by September 2013.
The Vizag project picked up steam in 2008, a decade after it was proposed, but was hampered by regulatory issues since.
The 1040 MW project, being executed by the group's power sector vehicle, Hinduja National Power Corp, is part of a plan to produce 10,000 MW for power hungry India over 5 to 6 years.
Mr Ashok Puri MD at Hinduja National Power told reporters that the first phase of the USD 1.2 billion project comprising one unit of 520 MW will be commissioned by June 2013.
The group has already invested 14 billion rupees in the project which sources coal from Mahanadi Coalfields in the neighbouring Orissa state, a unit of Coal India Ltd.
Mr Puri said that the firm is looking for sites in Maharashtra, Karnataka, Gujarat and Orissa For new projects where it can get requisite fuel linkages.
Mr Abin Das group director said that the Hinduja Group, which has interests across banking, media, power and automobiles in India, remains committed to its INR 500 billion investment for the country, bulk of which would be power focused.
