Bhavnagar Energy Company (BECL) plans to invest around Rs 2,500 crore in its 2x250 MW pit-head lignite based thermal power plant at Padva village in Bhavnagar district of Gujarat.

The project is to be funded through debt and equity. The company has already invited tenders for commencement of major civil and construction works and work is likely to begin in the next couple of months. The project is likely to be completed by 2012.

Gujarat Mineral Development Corporation (GMDC), which has been granted exclusive rights to mine and market lignite in Gujarat, is likely to provide lignite for the plant which is to run on circulating fluidised bed technology.

BECL is promoted by Gujarat Power Corporation, Gujarat State Investments, GMDC, Gujarat Industries Power Company, Gujarat Alkalies and Chemicals, Gujarat Narmada Valley Fertilizers Company and Gujarat State Fertilizers and Chemicals.

Also See:

Bhavnagar Energy invites bids for thermal power plant (15-Mar-10)