Chhattisgarh eyes 2,000 mw power by 2007

 The CSEB has already awarded one of the 500 mw projects to the Bharat Heavy Engineering and has started the tendering process for another 500 mw projects.

 The construction of another 1,000 mw project will start later. All the projects will be coal-based as the state has rich deposits of the fossil fuel.

 The CSEB was planning to leverage the operating reserves around Rs 55 crore per month it earned for the construction of the project, Manoranjan Kumar, member, CSEB said on the sidelines of a conference on electricity organised by the India-Tech Foundation.

 The board will fund the capacity-addition programme through Rs 1,270 crore of fixed deposits, securitising receivables of Rs 1,800 crore and a Rs 3,000 crore from the Rural Electrification Corporation.