THDC India Ltd has plans to invest about Rs.580 crore during the next fiscal year

THDC India Ltd has plans to invest about Rs.580 crore during the next fiscal year to expand its power generating capacity. The company, a joint venture between the centre and the UP government, has a generation capacity of 10,290 Mw and wants to increase it by another 5,490 MW soon.

The company intends to set up projects in Chhattisgarh and Odisha too. The company recently forayed into thermal power generation with the implementation of the 1,320 Mw Khurja super thermal power plant in Uttar Pradesh.

It would meet the capital expenses of Rs.446 crore through internal resources, external commercial borrowings (ECB) and commercial loans. Besides, Rs.134 crore will come as government's support.