Bloomberg reported that Hong Kong's biggest power utility CLP Holdings Ltd has won a bid to develop and operate a USD 1.2 billion coal fired power project in India. The first unit of the coal-fired plant will be completed by December 2011 and the second by April 2012.

CLP Holdings Ltd in a statement on its web site said that “The plant with a total capacity of 1,320 MW in Jhajjar district will be CLP's largest investment in Indian the nation and reinforces its position as one of the largest foreign investors in the Indian power sector.”

CLP, a 107 year-old business controlled by the family of Chairman