WB, Karnataka, NE in Emami radar for power foray

Emami, which had announced plans for venturing into the power sector, has identified West Bengal, Karnataka and the North-east as possible locations for putting up plants.

“We are both looking at thermal and hydel. For thermal, we are looking at port-based areas and the North-east for hydel,” director of Emami group Aditya Agarwal told PTI.

Asked which locations Emami was considering for thermal power projects, he said West Bengal and Karnataka were ‘very much’ on the radar.

Agarwal said availabilty of funds would not be a problem for foraying into power generation.

Referring to the group’s business plans in Ethiopia, he said the company had sought one lakh acres from the government for its plantation activity.

He said the company was planning to start cultivation of jatropha for bio-diesel and oilseeds for sellling in the Ethiopian market.

Source – PTI

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SUMIT KUMAR

Executive at India Electron Exchange

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