DVC unveils Rs 500 billion expansion plan for double capacity

20 Jul 2022 CW Team

Damodar Valley Corporation (DVC) has reportedly unveiled a growth roadmap to double its installed capacity of 6,900 MW at an investment of around Rs 500 million over the next seven-eight years, with a 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 million.

This is in addition to the renewable power projects in solar and pumped storage projects, which would be executed through joint ventures and help DVC to reduce burden on its balance-sheet.

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