OREANDA-NEWS. January 21, 2015. PTI reported that Hong Kong-based China Light & Power Holdings Limited is planning a 2,000 MW coal-based power plant in Gujarat at a projected investment of USD 2 billion, adding to its operational gas-based 600 MW power plant in the state.

Mr Richard Lancaster CEO of CLP Holdings said that the company is undertaking a feasibility study for the power plant that is most likely to be fuelled by imported coal.

He said in a media briefing on the sidelines of the Global CEO Conclave, being held as a part of the 7th Vibrant Gujarat Global Summit that "Our gas fired power plant is nearing end of its power purchase agreement. It has come at a time when affordable gas availability is constrained. An additional capacity would be better placed with environmentally clean coal-fired power plant."

The project cost for the 2000 MW coal-based power plant is estimated at around USD 2 billion.

The company is also keen on developing renewable energy, especially in the form of solar and wind farms in India.

He said that "Our main focus is on renewable energy and we want to grow our portfolio of wind farm and solar farm. We would be keen on investing in solar farms in India."

He added that the global CEO community is trying to understand how the investment environment in India will be playing out in near future.

Mr Lancaster said that "The international community has been hearing positive messages about reforms that the new government intends to bring in and it would be interesting to see how these reforms are put into practice."