Coal India subsidiary Mahanadi Coalfields Ltd (MCL) is planning to form a joint venture with power producer NTPC Ltd to develop the 1,600-MW pithead plant in Odisha’s Sundergarh district, a top CIL official said on Monday.
MCL has proposed to form a partnership with NTPC to run the plant, and is open to offer up to 49 per cent stake in the Rs 13,000-crore thermal power plant, newly-appointed Coal India Chairman A K Jha said at an interaction with the media on his first day in office.
“We had initial discussions with NTPC and they have shown interest. Unless we retain 51 per cent stake, there will legal problem as all the licenses are in MCL’s name,” Jha said.
The chairman said another pithead power plant is also planned at North Karanpura under Central Coalfields Ltd in Jharkhand. Read More
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