India Power Corp to lift generation capacity

Currently, IPC's generation capacity stands at 1,650 Mw

Although faced with tepid power demand from distribution companies (discoms) as the energy scenario in the country remains muted, India Power Corporation (IPC) is focusing on increasing its generation capacity through the acquisition route as it believes that there will be a demand rebound in the next one and a half years.

After the acquisition of 89 per cent controlling stake in the 1,000 megawatt (Mw) Meenakshi Energy power plant in Nellore in Andhra Pradesh, the company has acquired a 36-Mw solar power plant from Punj Lloyd in Uttarakhand where it is investing Rs 225 crore. 

Currently, IPC’s generation capacity