OPG Power Ventures has signed a memorandum of understanding (MoU) with the Government of Gujarat in India for the development of 5,400MW generation capacity out of which 1400MW will be gas fired.
Under the MoU, the Government of Gujarat is to facilitate approvals for the component projects in accordance with applicable rules and policies.
The company said that it will now progress its plans to implement the MoU.
In addition to projects foreseen under the MoU, the company currently has projects with an aggregate capacity of 644MW under operation or development with projects under development (537MW) to be commissioned in the year 2013.
This will bring OPG’s total project capacity to over 6000MW throughout India of which 644MW is already in generation or under development.