Jindal Power Aims 4,500 Mw In 4yrs

New Delhi: Jindal India Thermal Power, a subsidiary of the BC Jindal group, is mulling a power generation capacity of more than 4,500 mw in four years. Jindal Power will infuse Rs 20,000 crore for the capacity, expecting high returns. They hope 15-18 per cent return on investment for these projects. The Jindal group, which follows many other private sector companies in entering into power, is establishing the projects in the coal-rich states of Orissa, Chattisgarh and Madhya Pradesh. While it is planning a 2,000 mw project in Madhya Pradesh, for which a memorandum of understanding will be inked with the state government shortly, work on the 1,200 mw plant in Orissa is in progress. The company also hopes to acquire main plant equipment (boiler-turbine-generator) via bidding. The project is hoped to be commissioned by September 2010.