FCC

DVC unveils roadmap worth Rs 500 billion

2022-07-21

Damodar Valley Corporation (DVC) unveiled a growth roadmap to double its installed capacity of 6,900 MW at an investment of around Rs 500 billion over the next seven-eight years, with focus on renewables. The company has firmed up plans to add around 3,700 MW of thermal capacity in brownfield expansions by 2030 with a capex of nearly Rs 300 billion.

DVC Chairman Ram Naresh Singh said that they have embarked on a major expansion of three brownfield projects, adding 3,700 MW in total by 2030. They also have renewable power projects in solar and pumped storage projects.

As part of the brownfield expansion, it intends to install 2x660 MW at Raghunathpur, 800 MW at Durgapur, and 2x800 MW at Koderma.

DVC is also considering adding 2,150 MW of solar power and 2,100 MW through two pumped storage projects (1,500 MW at Lagu Pahaar in Jharkhand and 600 MW in West Bengal's Purulia district). These expansions would require an additional expenditure of Rs 200 billion.

With state-owned businesses like NTPC, SJVN, and NHPC, joint ventures would be used to carry out the non-thermal projects.