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PRESENT BUSINESS
 As
its maiden venture, the company has set up two thermal power
plants with a capacity of 210 MW each in the IB valley area
of Jharsuguda District in the State of Odisha (Ib Thermal power
Station) at a cost of Rs.11350 million. The locational advantage
of the power plant lies in its close proximity to the coal
mines as well as to the Hirakud reservoir. This gives the company
the distinct advantage of low cost of Raw Material leading
to low cost generation.
It also has seven Mini Hydel stations having a total capacity of 5075 kW as a technological demonstration
The
entire generation from Ib Thermal Power Station is committed
to GRIDCO on the basis of a
long term Power Purchase Agreement. Payment is secured through
an Escrow Account and revolving Letter of Credit.
Two more units (Unit 3 & 4) having capacity of 660 MW each were added in the second phase in the year 2019 which added a capacity of 1320 MW to the earlier existing 420 MW to IB Thermal Power Station, enhancing the total power generation capacity of OPGC to 1740 MW.
Shareholding pattern as on 30.06.2023.
| Name of Shareholder |
Shares held ( numbers ) |
% age of equity Share |
Amount (In Rs.) |
| Governor of Odisha |
20,824,974 |
100 |
20,824,974,000 |
| Total |
20,824,974 |
100 |
20,824,974,000 |
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