Diversified business conglomerate Videocon today said it plans to generate 5,000 Mw power through projects in Gujarat, Chhatisgarh, Maharashtra and West Bengal.
"In the power sector, we have plans for 5,000 Mw projects in the pipeline, as India has huge requirement for power," said V N Dhoot, chairman of Videocon group here today.
"We are setting up a 1,200 Mw coal-based power plant at Pipavav in Gujarat. Construction for the project will begin soon as equipment order has been awarded to BHEL and financial requirement of Rs 6,000 crore has also been tied up with banks," Dhoot said.
On fuel linkage, he said that the company has acquired a coal mine in Indonesia with capacity of 200 million tonne of coal and has plans to acquire a few more.
He said that the company has also acquired land to expand the Pipavav project and generate additional 1,200 Mw of power.
"We have also acquired land and tied up for fuel for establishing a 1,200 Mw power plant in Chhattisgarh," Dhoot said, adding that coal is available in plenty in Chhattisgarh.
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Besides this, the company has planned to set up 1,200 Mw power plants in Maharashtra and West Bengal each and has acquired land for the same.
"We are going slow on West Bengal plan but we got land for putting up the project while in Maharashtra also land has been acquired for the power project," he said.
However, when asked whether the company plans to approach the capital market in power sector, he said, "As of now, we do not have any plan to enter into capital market seeking to raise resources to finance our projects."