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Company's existing gas-based power plant at Paguthan nears end of power purchase agreement (PPA).
Hong Kong-based China Light & Power (CLP) on Sunday announced to add about 2000 MW of coal-based power generation capacities to its existing gas-based 600 MW power plant in Gujarat.
The company's gas-based power plant Paguthan, Bharuch is nearing end of its power purchase agreement (PPA), following which the company is considering to set up clean coal fired power plant. The cost of the coal-fired plant is estimated at around US$ 2 billion (approx Rs. 12,500 crore).
Company's chief executive officer, Richard Lancaster mentioned that the company is currently undertaking the feasibility study for the coal-fired power plant of 2000 MW, which will be fuelled through mostly imported coal.
"The completion of gas-fired plant's PPA has come at a time when affordable gas availability is constrained. An additional capacity would be better placed with environmentally clean coal fired power plant," Lancaster informed media persons on the sidelines of the Global CEO Conclave here.
Speaking about the company's future plans for India, Lancaster informed that the company is interested to explore renewables segment, mainly solar farms in India. "Our main focus is on renewables. We are interested in India for Solar installations," he added.
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