Following is an excerpt from a report in Financial Express.

AES India, a subsidiary of the US utility giant AES Corporation, is proposing to expand the capacity of the 420 MW (2 x210 MW) ITPS by adding two super-critical units of 660 MW each. The Rs 10,000 crore expansion programme includes the development of the captive coal mines and the MGR (merry-go-round) rail link to transport coal to the plant site. In fact, ITPS is owned by Orissa Power Generation Corporation (OPGC), a company where the AES Corporation has 49% stake while the Orissa government has 51% holding. However, the management of the company is with AES Corporation.

… The AES chief said that the 1320 MW (2 x 660 MW) thermal power project would be completed within four years of the award of the contracts. The two units would come up on the site III and IV already developed for the purpose.

… Presently, OPGC is committed to sale the entire 420 MW of power to the state government. As the initial plan was to put up two more units of 210 MW each at site III and IV, the state government insisted that the power generated from the expanded units be allotted to Orissa. However, the AES was of the view that the power be sold in the open market to maximize the revenue realizations. Finally, it has been decided that 50% of the power generated from the expanded 1320 MW project would be allotted to Orissa grid and the rest would be sold in the open.