September 07, 2008
GIPCL to expand its lignite based power plant
It is reported that Gujarat Industries Power Corporation Limited is planning to expand its lignite based power plant with an investment of INR 1,300 crore by installing two units of 250MW each. The project will be financed by debt and internal accruals at the ratio of 70:30.
For the proposed expansion project, Gujarat Industries had invited technical bids for the EPC contractor, for which the last date for submission of the bids was August 16th 2007. The additional units of 250MW will use the eco friendly circulating fluidized bed combustion steam generators technology. It has option to up the installed capacity by 20% taking advantage of the new facility.
Gujarat Industries already has two 125MW units of lignite fired power plants in Nani Naroli. Bharat Heavy Electricals Limited is executing 2 more units, both of which are to be completed by 2008.
