Hindustan Power Projects, formerly known as Moser Baer Projects, is embarking on Rs 32,000-crore investment plan to have 5,300 MW of capacities in its portfolio in the next three years. The Delhi-based company has already made an investment of around Rs14,500 crore across its projects in solar, coal-thermal and hydro power, according to the company. ?
Hindustan Power targets to commission first phase of power plant in Madhya Pradesh by July-August. The plant has coal linkage from South Eastern Coalfields. It has long-term power purchase agreements with utilities in Madhya Pradesh and Uttar Pradesh. Another coal fired project of 1,320 MW in Chhattisgarh will be operational by 2016-17.
In the renewable business, Hindustan Power is aiming at 1,000 MW solar power capacity.