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CLP India to invest in power sector

Friday, 14 Jun 2013
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CLP India, a subsidiary of CLP Holdings, is planning to invest around Rs 7,000 crore in its power sector across India.

Under this plan, the company is likely to add 1,000 MW capacity with a total investment of around Rs 6,500 to 7,000 crore. Most of the expenses will be funded through project finance.


The company is looking for opportunities in the solar power sector and plans to start operations by setting up 5-10 MW capacity.

CLP India's wind portfolio is spread across five states -- Rajasthan, Gujarat, Maharashtra, Tamil Nadu and Karnataka. Recently, it crossed the capacity of 1,000 MW by adding 130 MW to its wind energy segment after setting up a wind energy farm in Maharashtra.

CLP has set a capacity generation target of 2,000 MW by the end of 2015. It has added about 330 MW in the last six months.



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