DVC’s INR 60,000 Crore Investment Powers Renewable Future with Three Brownfield Power Plants

In a significant development, Ramnaresh Singh, Chairman of the Damodar Valley Corporation (DVC), has announced the corporation’s plans to invest INR 60,000 crore in the construction of three brownfield power plants in India. These power plants, granted permission by the Centre, will have a combined capacity of 8,000 MW and will be completed over the next seven years.

In addition to these projects, DVC is seeking government approval for an additional brownfield endeavor. Singh revealed that the corporation is currently constructing two hydel pump storage and battery-powered plants in Luggu Hill, Gomia (Jharkhand), and Panchet (West Bengal), aiming to generate 2,500 MW of power. Moreover, DVC intends to establish ground- and floating-mounted solar power plants with a capacity of 2,000 MW within its operational zones.

Singh emphasized that DVC is working towards achieving its goal of producing 7,000 MW of power. The corporation supplies electricity not only to various Indian states including Delhi, Jharkhand, Punjab, Haryana, West Bengal, and Gujarat but also to neighboring countries such as Bangladesh.

During a visit to the Chandrapura Thermal Power Plant (CTPS), Singh provided insights into the upcoming brownfield thermal power projects in Koderma (Jharkhand), Raghunathpur, and Durgapur (West Bengal). He clarified that DVC does not intend to construct new thermal power plants at separate locations, as the new facilities will be situated within the existing DVC power plant complexes, which already possess the necessary coal, water, and rail infrastructure.

This ambitious investment by DVC signifies its commitment to expanding India’s power generation capacity and embracing sustainable energy sources, such as hydel and solar power, in line with the nation’s renewable energy goals.