Sahara India and Korea East-West to develop 6,000MW projects in India

21 August 2011 (Last Updated August 21st, 2011 18:30)

Sahara India Power has signed an agreement to form a partnership with Korea East-West Power to develop power projects with combined a capacity of up to 6,000MW in India. The agreement allows the companies to jointly participate in tariff-based bidding for ultra-mega power projects and

Sahara India Power has signed an agreement to form a partnership with Korea East-West Power to develop power projects with combined a capacity of up to 6,000MW in India.

The agreement allows the companies to jointly participate in tariff-based bidding for ultra-mega power projects and other opportunities in India.

The deal is an extension of the partnership between the companies to set up a 1,320MW power plant worth INR80bn ($1.7bn) in Titlagarh, India.

Sahara India Power CEO Ashok Bhargava said the partnership between the companies will help to reduce power deficit in India.