Sahara India Power Corp Ltd will set up 6,000 MW power plants in India in association with Korea East West Power Co Ltd. The companies have entered into an agreement to jointly participate in tariff based bidding for ultra mega power projects and other opportunities in India to add up to a total capacity of 6000 MW.

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 INR 8,000 crore.

Mr Ashok Bhargava CEO of Sahara India Power Corp said that "We are delighted to partner with Korea East West Power Co, Ltd in setting up 6,000 MW power projects in India. Korea East West Power Co has a power generating capacity of 9,509MW in that country.”

Mr Lee Gil Gu president and CEO of Korea East West Power Co said that "We are happy to associate with Sahara India Power Corporation Ltd and bring in our international expertise in power generation. India is an important country for us as it is one of the emerging powers of the world and with Sahara India Power as our partner we are confident that our projects will serve the energy requirement in the all round integrated further development of India."

(Sourced from ET)