After setting up mega hydel projects, the Delhi-based Jaiprakash group is set to make a high-voltage entry into the thermal power segment. The group has finalised plans for setting up a 1,000-MW thermal power plant in Madhya Pradesh. The proposed IPP of the Jaypee group, which will be a pithead project, is estimated to cost about Rs 4,000 crore. The project would be set up as a subsidiary of Jaiprakash Hydro Power, the group company, which owns and operates the 300-MW Baspa II hydel project in Himachal Pradesh.
The group is also foraying into power transmission. Initially, it will get into the power transmission segment in Himachal Pradesh and gradually spread its wing over other states where it sets up power generation projects. Jaiprakash Hydro Power would also undertake the power transmission business of the group. Confirming the plans, Manoj Gaur, managing director, Jaiprakash group, said, "The proposed thermal power project would be set up in four modules of 250 MW each. The group is currently in the process of tying up feedstock for the project. We have already proven our competence in setting up mega hydel power projects in the most difficult terrain in the most cost-effective way. Now we want to replicate this in the thermal power sector as well."