NEW DELHI: Country's top power producer NTPC Ltd will invest Rs 18,346 crore to develop two projects in Karnataka and Madhya Pradesh.
Company's board accorded investment approval to the projects totaling 2,900-mw electricity generation capacity, it said in a regulatory filing.
The proposal includes a new project of 2,400-mw capacity at Kudgi in Karnataka at an estimated cost of Rs 15,166 crore and a 500-mw expansion project at Vindhyachal, Madhya Pradesh at a cost of Rs 3,180 crore. NTPC, with a total generation capacity of 36,000-mw, already has 3,260-mw operational capacity at Vindhyachal.
Both projects are subject to environment clearance, the company said.
In a separate statement, NTPC said it entered into power supply commitment with Madhya Pradesh distribution utility for supply 50-mw from proposed solar plant at Rajgarh in the state. The project is expected to be commissioned by 2013.
Power from the Rajgarh solar project will be pooled with power from the company's coal based stations to lower costs, the company said.
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