Raipur : GMR Energy, a unit of GMR Infrastructure, will have nearly 5,000 MW coal-fired operating capacity over the next three years, Raaj Kumar, chief executive officer (CEO) GMR Energy, told IANS Saturday.
"Cumulatively over the next three years, the GMR Energy will have nearly 5,000 MW coal-fired operating capacity," Kumar informed. He said the current investment commitment of GMR in energy sector was nearly Rs.30,000 crore (over $6 billion).
The GMR Energy's current operative capacity is just a little over 800 MW from several projects which are mainly in Andhra Pradesh and Tamil Nadu but none of the project is coal-fired.
"Besides coal-fired projects, we also have a portfolio of five hydro projects, three in India and two in Nepal, we expect to start construction work on one of these projects this financial year and the remaining will go for construction next year onwards," Kumar said, adding "hydro capacity will start coming only from year 2016-17 onwards".
"Our several coal-fired projects are in construction now such as 600 MW in Maharashtra, 1,400 MW in Orissa and 1,370 MW in Chhattisgarh, we will start generating from these projects from 2012 onwards and we expect to commission the last one, which is Chhattisgarh project, in 2013-14," he said.
"Our Orissa project has got coal linkage and we expect to get coal for the project fully from domestic sources, the Maharashtra project is also fully secured by coal linkage and we are expecting coal linkage shortly for the Chhattisgarh project as soon as the next coal linkage meeting takes place," the CEO said.
"In case of any shortfall in the availability of coal for these projects, we will surely have fuel security from our coal assets in Indonesia and South Africa," he said.
"We have coal mines in Indonesia and South Africa which are operational... those mines we basically acquired for fuel security of our own power projects and we are also doing some trading in coal," he said.
Asked to comment whether the slowdown in global economy will hit India, Kumar said: "This is not possible to believe that Indian economy would not to be hit by global turbulence, some impact we would surely have, we have already seen the expected GDP growth has come down, though marginally. But fundamentals of Indian economy are very strong and I am sure to overcome challenges." (IANS)