CIL and NTPC have inked an agreement for setting up two coal based power
projects of 2,000 MW each in Jharkhand under a 50:50 JV.
The investment for generating 1MW of power is estimated at Rs 4 crore,
therefore, the total value of the two projects is likely to be Rs 16,000 crore.
The JV will execute the power projects at the Brahmini and Chichro Patsimla
coal mines. The potential of these two mines is 1.5-2 billion tonne and about 30
million tpa of coal can be extracted. NTPC is also engaged in coal extraction
from these mines and the surplus dry fuel from these coal blocks may be utilised
by the company for its Farakka and Kahalgaon plants.
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