News Archive Article

Hinduja Group invests heavily in India's power sector

LONDON, UK - Yet another of India's corporate stalwarts is investing in the power generation sector. The family-controlled Hinduja Group (London) is planning to invest about $10 billion in Indian power projects over the next 10 years to add about 10,000 megawatts (MW) of installed power and contribute to the 78,000 MW of additional power targeted for the country over the next five years.

The group, with widely diversified global interests, will start its foray into power with the 1,200 MW/2,000 MW Vizag project in Andhra Pradesh that was first discussed in 1994. The company is looking to secure an official coal-linkage agreement to feed the project from the Mahanadit coalfields. After the source and quality of the coal feed has been confirmed, bids will be invited for the power plant equipment. An agreement for land for the project has already been made with the state government.

Hinduja is also considering 4,000 MW ultra-mega power projects when the government invites bidding on specific power stations. The company is in negotiations with a number of state governments, including West Bengal, to set up a range of power projects.

The group employs 30,000 people worldwide and has interests in industries including autos, banking and finance, energy and hydrocarbons, IT and technology, media and entertainment, and real estate.

Related News

City of Vancouver

City of Vancouver named Clean Energy Champion for Bloedel upgrades

VANCOUVER - The City of Vancouver has been selected as BC Hydro’s first Clean Energy Champion for energy efficient upgrades made at the Bloedel Conservatory that cut greenhouse gas emissions by 90 per cent.

BC Hydro’s Clean Energy Champions program is officially being launched today to recognize residents, businesses, municipalities, Indigenous and community groups across B.C. that have made the choice to switch from using fossil fuels to using clean electricity in three primary areas: homes and buildings, transportation, and industry. The City of Vancouver is being recognized as the first champion for demonstrating its commitment to using clean energy to…

READ MORE
dutch wind turbines

Dutch produce more green electricity but target still a long way off

READ MORE

hydro quebec

Hydro-Québec puts global ambitions on hold as crisis weighs on demand

READ MORE

new jersey powerlines

New Jersey, New York suspending utility shut-offs amid coronavirus pandemic

READ MORE

nuclear power plant

What's at stake if Davis-Besse and other nuclear plants close early?

READ MORE