Coal India subsidiary Mahanadi Coalfields Ltd (MCL) is looking at a majority stake in the proposed Rs 13,000 crore 1,600 mw super critical power venture with NTPC in Odisha. The plant is proposed to be operated by NTPC.
“We have recently received coal supply assurance for the project. Land has been allotted and environment as well as forest clearances were recently received. We hope to commission the project soon. Once the project is commissioned our total capex for the year is expected to increase from Rs 9,500 crore to Rs 11,500 crore,” said Coal India chairman AK Jha. He was talking to reporters in Kolkata after his first day in office.
The plant is scheduled to come up at Sundergarh in Odisha where Indian railways have laid a 53 km track to transport coal. The project was taken up Mahanadi Basin Power Ltd, a fully owned MCL subsidiary. The project received nod of the High Level Clearance Authority (HLCA), the highest body to approve investments in Odisha. Read More