NEW DELHI: GMR Energy plans to invest over Rs 10,000 crore in setting up a 2,000-3,000 MW nuclear power plant in the country in the next 5-7 years, a company executive said on Thursday.
"We have held talks with equipment as well as fuel suppliers and will firm up a plan in the next one years time," GMR Energy Executive Vice-President Avinash R Shah told reporters here. GMR Energy is a unit of GMR Infrastructure Ltd. Shah said the company has hired very experienced people from state-owned Nuclear Power Corporation, including former Chairman and Managing Director M R Srinivasan, for its nuclear foray. "Right now it is at planning and preparation stage. In the next six months to one year, we should have a broad plan in place," he said. GMR is in talks with equipment and fuel suppliers in France, United States and Korea for the power plant, he said. "We may get a strategic partner (with nuclear technology) but I cannot say anything more now." He said GMR Energy, which currently has 800 MW of thermal power generating capacity, may list in the next 1-2 years. "We have projects to take up the capacity to 4,500 MW in about five years from now," he said. Of the under construction projects, 1,500 MW would be hydroelectric power - two in India and three in Nepal. Two coal-based power plants adding 2,200 MW capacity are under construction in Orissa and Chattisgarh. http://economictimes.indiatimes.com/GMR_to_invest_Rs_10K_cr_to_set_up_nuclear_power_plant_/articleshow/3472207.cms Kites rise highest against the wind - not with it. Winston Churchill --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
