DVC unveils Rs 500 billion expansion plan to double power capacity

Damodar Valley Corporation (DVC) has unveiled a growth roadmap to double its installed capacity of 6,900 MW at an investment of around Rs 500 billion over the next seven-eight years, with focus on renewables.

The company has firmed up plans to add around 3,700 MW of thermal capacity in brownfield expansions by 2030 with a capex of around Rs 300 billion. The company also has renewable power projects in solar and pumped storage projects. The solar and pumped storage projects would be executed through joint ventures. It is planning to add 1,320 MW (2×660 MW) at Raghunathpur, 800 MW at Durgapur and 1,600 MW (2×800 MW) at Koderma, as part of the brownfield expansion. DVC is also looking at adding 2,150 MW in solar and 2,100 MW through two pumped storage projects (1,500 MW at Lagu Pahaar in Jharkhand and 600 MW in Purulia, West Bengal), at an investment of another Rs 200 billion.