Coal India Ltd (CIL) will set up its first thermal power plant in India in Odisha. Mahanadi Coalfields Ltd (MCL), a subsidiary of CIL, will implement the project.
NTPC Ltd will be a joint venture partner and will likely have a 49 per cent stake. With a capex of Rs 13,000 crore and a capacity of 1,600 MW (2×800 MW ), the facility will come up at Sundergarh district.
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.
CIL Chairman and Managing Director Anil Kumar Jha said a second super-critical power plant may also be set up by Central Coalfields Ltd, another subsidiary of the coal major. This will come up at North Karanpura area in Bokaro district of Jharkhand.
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