CLP Power India Private Ltd plans to enter power transmission, ultra mega power projects and new coal fired thermal power projects in India by bidding for these in the next few months.

CLP Power India Private is a wholly owned subsidiary of the Hong Kong listed China Light and Power.

Mr Naveen Munjal director of business development told Business Line that CLP India is one of the largest foreign investors in the Indian power sector with investments of INR 9,700 crore so far, will bid for a UMPP this year.

He however declined to identify the project. Asked about the funding for these projects, he said the company could also consider tapping the capital market through an IPO.

Mr Munjal said that “We are keen to enter the transmission segment and had bid for a project in 2006-07. We would again be bidding for similar projects and also for new coal fired thermal power projects, preferably in a coastal State, if we get the requisite coal linkages.”

Mr Munjal said CLP India is also keen to expand its Bharuch project to 1,200 MW as soon as it gets an enhanced natural gas allotment. At present, the company owns and operates a 655 MW gas fired individual power project through Gujarat Paguthan Energy Corporation acquired from Power Plc, UK in 2002, in Bharuch district. This combined cycle plant runs on duel fuels natural gas as primary and naphtha as secondary fuel. It has 3x135 gas turbines and 1x250 MW steam turbine.

(Sourced from Business Line)