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 Odisha Power Generation Corporation Ltd. (OPGC)Odisha Power Generation Corporation Ltd. (OPGC) is a Government Company of the State of Odisha. Incorporated on November 14, 1984, OPGC started as a wholly owned Government Company of the State of Odisha with the main objective of establishing, operating & maintaining large Thermal power generating stations.
It operates state of the art thermal power plants at Banharpalli, Jharsuguda. It has a total generation capacity of 1740 MW (2x210 MW in first phase and 2x660MW in second phase).
OPGC is a key player in the energy landscape of the state, catering to over 30% of the state's load demand.
OPGC embarked on its journey with a clear mission – to establish, operate, and maintain large thermal power generating stations. In its initial phase, OPGC laid the foundation for progress with the IB Thermal Power Station, featuring 2 units of 210 MW each in the Ib valley area of Jharsuguda District.
The visionary move came to fruition in 1994 and 1996 when the 1st and 2nd units, respectively, became operational, and committed to GRIDCO under long-term power purchase agreements.
In a stride towards expansion, OPGC constructed two supercritical units of 660 MW each, adjacent to its existing operational units. Units 3 & 4 commenced Commercial Operation on 3rd July’19 and 21st Aug’19, respectively.
In the journey of evolution as a part of Energy sector Reform in Odisha, OPGC witnessed a pivotal moment in 1999 when 49% equity was divested to a private investor, Private investor (American Company) i.e. AES Corporation, USA . However, in December 2020, OPGC became a fully owned company of the Government of Odisha, as the 49% equity held by AES was acquired by the Government of Odisha through its subsidiary, Odisha Hydro Power Corporation Ltd. (OHPC).
Subsequently, M/s OPGC acquired 49% equity from OHPC and held entire 100 % equity w.e.f 30th Dec 2022
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