Mahanadi Coalfields Ltd (MCL), 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.
A subsidiary of Coal India and a Government of India Enterprise, intends to appoint a consultant in the current fiscal to help set up the project. Coal India-arm Mahanadi Coalfields will set up the 1,600 MW supercritical thermal power plant in Sundargarh district of Odisha. The 2×800 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.
According to MCL, Chairman-cum-Managing Director AK Jha said, “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.The preliminary work for the proposed power project has already begun. The land for the plant has been identified and the process for obtaining coal linkages is underway.” he further added, “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 or Stating that the preliminary work for the proposed power project has already begun, the land for the plant has been identified and the process for obtaining coal linkages is underway.”
It is a set production target of 550 million tonnes for 2015-16 and MCLs share will be 150 MT.
MCL had earlier said it wished to set up a 2×800 MW pit-head supercritical thermal power plant in the vicinity of the Basundhara-Garjanbahal coal mines with a joint venture partner.
For setting up this project, A special purpose vehicle (SPV), namely, Mahanadi Basin Power Ltd (MBPL) has been incorporated as a wholly-owned subsidiary of MCL.
Coal India: Consultant’s to assign for Rs 10,000 crore power plant in Odisha
