KPCL sets target of 5000 MW

...to be generated in the next four years

At the 40th foundation day celebrations of KPCL here, Jamdar said the company has generated a record 5,736 MW power this year. “We had generated 700 MW power, 40 years ago. In the next four years, we will generate what we had generated in 40 years.

The task is huge, but we are up to it,” he said.

The KPCL chief said Karnataka is much ahead when compared to other states in generating hydel power. “We will soon establish a solar power plant at Kolar and Chikkodi in Belgaum.

I am happy to note that the power situation in the State that had worsened has improved after rains during the past two weeks,” he added.

Jamdar further said KPCL has achieved four records this year, which include a profit of Rs 376 crore made this year. “We are borrowing loans from nationalised banks at 10 percent interest after calling for tenders to fund our expansion plans. 39 new schemes have been introduced this year. We have also achieved a savings of Rs 1,030 crore,” he said.

KPCL has also signed an agreement with PSU major, Bharat Heavy Electricals Limited (BHEL) to establish a bio-technology power unit and has also been granted government approval to establish a power generating unit at Chattisgarh in agreement with Larsen and Toubro (L&T), the KPCL chief said.

Other plans of KPCL in its 40th year that have been initiated are recruitment of 300 new engineers and approval to generate 770 MW power at Shivanasamudra. The foundation day celebrations also saw Minister for Women and Child Welfare, Narendraswamy felicitate student toppers of the SSLC and PU exams.