The company has planned a massive expansion of its solar and other power capacity by 2030, with a total capital investment of around ₹600 Billion.
Damodar Valley Corporation (DVC), a government-owned power utility operating in West Bengal and Jharkhand, aims to expand its solar power capacity to approximately 4,000 MW by 2030, with an estimated investment of about ₹200 billion.
On Friday, DVC chairman S. Suresh Kumar revealed plans to expand the company’s renewable power capacity on DVC’s 77th Foundation Day.
The company intends to spend approximately ₹50,000-₹60,000 crore by 2030 to increase capacity by nearly 10,000 MW. In thermal power, it aims to add about 3,720 MW of installed capacity by the same year.
The Chairman further stated that the expansion strategy combines thermal and renewable energy to ensure sustainability and maintain affordable power costs, as power demand is robust across North, South, and Western India.
DVC anticipates increasing its solar power capacity to 350 MW within a year, primarily in Jharkhand.
The company generates, transmits, and distributes electricity within two states. However, the electricity regulatory commissions of each state currently determine the power tariffs for end-consumers.
Kumar mentioned that DVC had requested the Union Power Ministry to implement a consistent power tariff for its customers in West Bengal and Jharkhand to achieve expansion.
At present, DVC, co-owned by West Bengal, Jharkhand, and the Central government, operates approximately 14 MW of solar power capacity and 6,540 MW of thermal power capacity. The average power tariffs for DVC’s customers in West Bengal and Jharkhand are currently ₹5.58 and ₹4.42 per unit, respectively.
