News Brief | September 2011
Mahanadi Coalfields forays into power generation
A subsidiary of Coal India (CIL), Mahanadi Coalfields (MCL), has invited expression of interests (EoIs) from power plant developers to build a 2x800 MW super-critical thermal power plant in Sundergarh. The company proposes to build the project, worth around Rs 8,000 crore, through a joint venture (JV) where it will hold at least a 26 per cent stake. The company will supply coal for the plants from its Basundhara mine and arrange land for the project. To produce 1,600 MW, the plant will need about eight million tonne of coal a year. CIL and the Coal Ministry have given their clearances for the project. However, it awaits environment clearance.
Meanwhile, Coal India has said that they are in the process of earmarking about Rs 30,000 crore for capacity expansion during the 12th Five-Year Plan (2012-17) period and that the funds will be spent on new mining projects, washeries, machinery and equipment.
Contact: Coal India (CIL)
Tel: 033 22488099