Vibrant Gujarat: CLP Holdings plans to invest $2 billion in Indian gas plant
The Chief Executive Officer (CEO) of Hong Kong-based China Light and Power (CLP) Holdings Limited, Richard Lancaster, said the company is planning a 2,000 megawatt coal-based power plant at a projectedinvestment of $2 billion in Gujarat.
“The gas plant is nearing the end of its power project agreement, so we have seen the plant going through quite large part of its life and now reaching the end of its life. It has come at a time when the availability of affordably price gas has been quite constrained. So, our thinking for the future is on that side is still a very good location closed to the coast,” Lancaster said on the sidelines of Global CEO Conclave, being held as part of the seventh edition of Vibrant Gujarat business summit.