HomeWorld RegionsAsia1st independent power project in India goes to CMS Energy

1st independent power project in India goes to CMS Energy

1st independent power project in India goes to CMS Energy

CMS Energy Corp. (CMS) has received approval from the International Finance Corp. for a 235-MW power plant to be built in eastern India, the first independent power project under the government`s new policy opening its power sector to private investors.

The natural gas combined-cycle plant is expected to cost approximately (US)$118 million and will be built in the state of Andhra Pradesh with CMS subsidiary CMS Generation as project manager and plant operator.

G.V.K. Industries, a local industrial firm, will sell the plant`s electric output to the Andhra Pradesh State Electricity Board under a 30-year agreement.

CMS has also acquired a 32.5 percent ownership interest in two Philippine power plants with a 135-MW capacity on the island of Cebu. CMS bought the former Atlas Consolidated Mining and Development Corp. power generation facilities, which included ownership of the 93-MW coal- and oil-fired Carmen station in Barangay Sigpit, 10 miles from the Cebu coast.

CMS also owns the 300-MW coal-fired Magellan project and the 300-MW oil-fueled Luzon project, both of which are expected to close financing and enter construction later this year in Batangas Province in the Phillipines.

Previous articlePEI Volume 2 Issue 5
Next articlePEI Volume 3 Issue 1

LATEST FEATURE