Bajaj Power signs agreement with Indian Railways

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Bajaj Power Generation Company has signed an agreement with the Railways for electrification of the Lalitpur-Udaipura rail section under the public private partnership (PPP).

The Railways would complete the electrification work in a year's time under its customer funding scheme, which would cost nearly Rs 47 crore.

The electrified rail section is expected to facilitate uninterrupted coal supply to its plant and also help running of fast passenger trains in the area.

BPGC is setting up a 1,980 megawatt (mw) thermal power plant in Lalitpur district of Uttar Pradesh.

While, two units of 660 mw each had already been commissioned in September and December 2015 respectively, the third unit of 660 mw is scheduled to start generating later this month. The total investment in the plant is pegged at Rs 16,000 crore.

BPGC President (commercial) Dwarikesh Sharma and North Central Railway (NCR) Additional Divisional Railway Manager (ADRM) Jhansi Vinit Singh signed the agreement on behalf of their respective organisations.

BPGC is owned by Kushagra Bajaj-led Bajaj Group, which has business interests in personal care products, real estate, sugar and ethanol.

Source : BusinessStander

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