Damodar Valley Corporation has an investment plan of Rs.25,000 crore for the 11th Plan (2007-2012) for which the corporation will raise about Rs.19,000 crore through long-term loans from financial institutions, including Power Finance Corporation (PFC), Rural Electrification Corporation and banks.

The Corporation will be investing Rs.19,000 crore to set up 4,500 MW of fresh generation capacity during the 11th Plan and in order to inject fresh equity into two separate joint ventures with Tata Power and Sail, Rs.600 crore will be invested. An additional Rs.2,500 crore will be used to fund projects that had began during the 10th Plan

DVC has also decided to invest Rs.1,000 crore for the renovation and modernisation of old plants while Rs.1,300 crore to augment and set up transmission and distribution infrastructure.

DVC plans to take up a 1,000 MW (2x500 MW) project in Durgapur, a 500 MW unit in Bokaro and two 500 MW units at Mejia B thermal power station. It will also be setting up two 500 MW units each at Kodarma and Raghunathpur.

Also See:
Land acquisition for Bokaro power project by March 2007 (3-Mar-07)