MUMBAI - L&T Power Development Ltd, a unit of engineering and construction firm Larsen & Toubro Ltd, plans to install power plants of 5,000- megawatt capacity by 2015, a top official said on Monday.
The installation will need funding of 300 billion rupees, and 70-80 billion rupees of this would be in equity capital, R. Shankar Raman, senior vice president at the parent firm told a media briefing.
Its first power plant of 1,400-megawatt in the north Indian state of Punjab is expected to start by January 2014, even as it sets up two more units of 1,600 megawatt each, said the parent firm's senior executive vice president, A.K. Chaatwani.
One of the 1,600-megawatt units is coming up in Chhattisgarh, while the location for the other unit is yet to be decided, he added.
L&T Power Development has already invested 5 billion rupees for the Punjab unit and expects to pump in 20 billion rupees more in the next two years, Raman added.
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Right now we are focusing on generation, then we will focus on transmission," Chaatwani said.
The company will need 25-million tonnes of coal per year to fire its 5,000 megawatt capacity and a fifth of this is likely sourced from abroad, he added.
