Coal news and updates

Coal India to appoint consultant for Rs 10,000-crore power project in Odisha

Going ahead with its plan to set up a Rs 10,000-crore power plant in Odisha, state-run miner Coal India in this fiscal will appoint a consultant who would provide help in setting up the project.

"We would appoint a consultant in the current fiscal which would help us in providing modalities for setting up of Rs 10,000 crore power plant," Mahanadi Coalfields Ltd (MCL) Chairman-cum-Managing Director A K Jha told PTI.

Coal India-arm Mahanadi Coalfields will set up the 1,600 megawatt (MW) super critical thermal power plant in Sundargarh district of Odisha.

The 2x800 megawatt (MW) plant at the mouth of a coal field in the Mahanadi basin will mark the coal producer's foray into the power sector.

Jha said the company is looking at setting up power plants at mines from where evacuation of coal in the absence of road and rail transport infrastructure is difficult.

Stating that the preliminary work for the proposed power project has already begun, Jha said that the land for the plant has been identified and the process for obtaining coal linkages is underway.

He further said, CIL has set production target of 550 million tonnes (MT) for 2015-16 and MCL's share will be 150 MT.

MCL had earlier said it wished to set up a 2x800 MW pit-head super critical thermal power plant in the vicinity of the Basundhara-Garjanbahal coal mines with a joint venture partner.

A special purpose vehicle (SPV), namely, Mahanadi Basin Power Ltd (MBPL) has been incorporated as a wholly-owned subsidiary of MCL for setting up the project.

source: http://www.dnaindia.com