Coal India Ltd (CIL) will develop its first-ever thermal power plant in the country in Odisha, a top company official said here on Monday.
The project will be implemented through CIL’s subsidiary, Mahanadi Coalfields Ltd (MCL).
The power plant, which will have a capex of ₹13,000 crore and a capacity of 1,600 MW (2×800 MW ), will come up at Sundergarh district. Power producer NTPC Ltd will be a joint venture partner and will likely have a 49 per cent stake.
The project has been able to get land and coal linkages and will utilise the pithead stock. NTPC will use existing power purchase agreements for the project. Read More
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