Two deals have been signed by Infrastructure Development Finance Co Ltd's unit IDFC Projects Ltd with Bharat Heavy Electricals Ltd and Gujarat State Energy Co Ltd, said IDFC on Tuesday.

Under these deals, a 200 mega watt thermal power project in association with BHEL in two phases would be built, owned and operated by the company.

Via a statement, the company also informed that IDFC Projects would also set up another 10 mega watt solar power project.

The statement read, "BHEL would hold 26 percent in the thermal power joint venture, while IDFC Projects and its associates would hold 48 percent.

" It also added, "In the solar power project, IDFC Projects would hold 49 percent in the joint venture, while Gujarat State Energy would hold 51 percent."