Sahara Power and Korea East-West Power announce partnership

Sahara India Power and Korea East-West Power, a Korean government company, have jointly announced a partnership to set up power plants with a combined capacity of up to 6000 MW.

The agreement allows the two companies to jointly participate in tariff-based bidding for ultra-mega power projects (UMPPs) and other opportunities in India. The deal is an extension of an earlier agreement between the companies for setting up a 1320 MW power plant in Titlagarh.

Sahara Power did not comment on how much investment is proposed under the deal.

Ashok Bhargave, CEO of Sahara India Power, said: “The association will bring in world class high end technological advancements in power generation, and the establishment of 6000 MW of power plants through mega and ultra-mega power projects will help in reducing the power deficit of our nation.”

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