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Kaizn Power Ltd to set up 300 MW thermal power plant in Vizag

Kaizn Power Ltd, a special purpose vehicle of Abhijeet group is setting up a 300 MW thermal power project in Visakhapatinam in Andhra Pradesh. The project cost is estimated at Rs. 16,440 million and is funded by debt: equity ratio of 4:1. The debt portion has been underwritten by UCO bank.

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The company has awarded the BTG contract worth of Rs. 6300 million to BHEL in March 2012. The project is expected to go operational in April 2013.

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