Hindustan Powerprojects plan Rs. 32,000 cr investment.

Bullish on the domestic sector, Hindustan Powerprojects plans to invest about Rs. 32,000 crore for setting up electricity generation capacity of more than 5,000 MW.

The company, earlier known as Moser Baer Projects, would be making the investments across solar, thermal and hydro projects in three years.

Hindustan Powerprojects Chairman Ratul Puri said the cumulative investment in the projects would be 'about Rs. 31,000 to 32,000 crore'.

'This (investments) would be for little over 5,000 MW generation capacity, may be 5,200 or 5,300 MW,' he told PTI in an interview.

Two thermal projects - in Madhya Pradesh and Chattisgarh - with a total capacity of nearly 4,000 MW, are already in the works.

ET