RPG announces Rs 1250 cr investment in Bengal

Kolkata, Feb 22 (UNI) The Rs 9,000 crore RPG group today announced Rs 1250 crore investments in three projects in West Bengal.

RPG Group vice-chairman Sanjiv Goenka said the group will set up a new 250 MW power station to be added to the existing 500 MW (2x250 MW) thermal power station at Budge Budge at an estimated cost of Rs 1000 crore.

The Budge Budge plant will cater to the consumer demand in the CESC area and the construction time from the zero date will be around 36 months, Mr Goenka said.

He said the group will set up a state-of-the-art four lakh square feet super shopping mall over three acre CESC land at Kolkata in collaboration with the Godrej Properties of Mumbai at an estimated cost of around Rs 175 crore.

The mall in south Kolkata will be ready by March 2008 and named "CESC-Godrej Plaza".

The RPG group will also set up an International Management Institute in Kolkata on the lines of the International Management Sciences with an initial investment of Rs 40 crore.

Mr Goenka said the institute campus will be built in Alipore for which land has been finalised. The academic year will start in 2008 with 100 students initially.

West Bengal Chief Minister Buddhadeb Bhattacharjee would unveil the projects on February 27.

Mr Goenka said his group is also planning to set up around 2000 MW of power projects in the Dumka region of Jharkhand in phases.

This will take the total power producing of the RPG group to 4250 MW by 2010, he added.

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