CLP India said that its first 660 MW unit of its 1,320 MW coal based power project at Jhajjar in Haryana has begun operations.

Mr Rajiv Mishra MD of CLP India said the 660 MW unit began operations in 41 months from signing of power purchase agreement.

The company in a statement said that Ninety percent of power from this plant has been earmarked for the host state Haryana while the remaining 10% will be supplied to Delhi.

CLP India said it was the first foreign company that won a major power generation project in India through international competitive bidding that took place in March 2008.

The project is financed by a consortium of foreign banks with an overseas debt of USD 400 million. Total cost of the project is about INR 6,000 crore.

Source - Economic Times

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