Odisha Power Generation Corporation

Odisha Power Generation Corporation Limited (OPGC) is the only thermal power generating company owned by the Government of Odisha. It was incorporated under the Companies Act 1956 on 14 November 1984. OPGC started as a solely owned Government Company of the state of Odisha. It owns and operates four units of power plant- 2 units of 210 MW each and 2 units of 660 MW, each totaling a generation capacity of 1740 MW of power at Ib Thermal Power Station (ITPS), Banharpali in Jharsuguda District of Odisha. The generation from these units is committed to GRIDCO based on a long-term Power Purchase Agreement.

With the divestment of 49% of the equity shares in favor of AES Corporation, in early 1999, the ownership structure of OPGC became the first of its kind in the country. Following the withdrawal of AES from OPGC in December 2020, Govt. of Odisha bought back the 49% equity held by AES. Thus, OPGC became a fully owned company of the Govt. of Odisha once again.

In 1990, OPGC started the construction of 7 Mini Hydel Projects in different locations of Odisha for the generation of pollution-free power by utilizing canal falls to meet the increasing demand for power with major funding from MNES and IREDA. The details are as follows: