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CIL to invest 42,600 cr in low-emission infrastructure, solar energy

Monday, 30 Jan 2023

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Coal India (CIL) is planning to invest approx Rs 42,600 crore in low-emission infrastructure for fossil gasoline mining and inexperienced power.

CIL intends to invest Rs 24,000 crore in the first-mile connectivity (FMC) in three sections. The section-I comprises 35 initiatives with an investment worth Rs 10,500 crore; section II will cover nine FMC initiatives with an investment of Rs 2,500 crore by FY25; and section III will require funding of Rs 11,000 crore with 70 additional initiatives identified.

The company also plans to invest approx Rs 3,600 crore in 24 railway connectivity initiatives.

The existing solar energy power is around 10 MW, and the company intends to extend it to three, 000 MW or 3 GW with a fund of approx Rs 15,000 crore by 2024.

The CIL is currently under development with about 500 MW of solar energy capacity, and 50 MW is likely to be added March-April 2023.