CLP Group, the Hong
Kong based company will invest Rs.6,000 crore for developing a 2x660 MW thermal
power project at Jhajjar in Haryana. The project is being funded by a group of
banks led by IDBI with the debt equity ratio of 70:30.
The company has
floated a SPV, Jhajjar Power, for implementing the project. The first unit of
the plant will be commissioned in December 2011 and the second one in May 2012.
Haryana will get 90
per cent of the power generated at the plant and the remaining 10 per cent will
be supplied to Delhi. The foundation for the plant will be laid by Haryana Chief
Minister, Bhupinder Singh Hooda, in Jhajjar on 10 January.
Turbines and
generators for the plant will be sourced from Chinese companies - DongFang and
Harbin. The coal for the project will come from the Central Coal Fields.