Thursday 18 August 2011

Sahara Partners Korean Co for Power Plants

NEW DELHI Sahara India Power will set up power plants in India with capacity totalling 6,000 MW in association with Korea East-West Power. The companies have entered into an agreement to jointly participate in tariff-based bidding for UMPPs and other opportunities in India. The two companies would explore possibilities of power generation through thermal, hydro and solar resources. The two companies are already setting up a 1,320-MW power generating plant at Titlagarh in Orissa with an investment of about . 8,000 crore. Sahara India Power CEO Ashok Bhargava said: “We are delighted to partner with Korea East-West Power in setting up 6,000-mw power projects in India.” Korea East-West Power has a power generating capacity of 9,509 MW in South Korea.

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