NTPC's 1,980 MW Jharkhand plants win cabinet approval

NEW DELHI Wed Feb 20, 2013 9:17pm IST

Related Topics

Stocks

   

NEW DELHI (Reuters) - The Cabinet Committee on Investment (CCI) has approved a proposal by NTPC Ltd (NTPC.NS) to set up three power plants with a total capacity of 1,980 megawatts in Jharkhand, a government statement said on Wednesday.

State-run miner Coal India Ltd (COAL.NS) will supply the project, delayed for the past 14 year, commencing during the period 2018 through 2022, the statement said.

Coal India, which produces nearly 80 percent of India's coal, supplies fuel at rates cheaper than its spot prices to those with whom it has long-term fuel supply pacts in arrangements called coal linkages.

About 70 percent of power generated in India is from burning coal.

The power plants of NTPC, the country's largest thermal power producer, would have a life of about 35 years and would be set up on a pit-head with eco-friendly, super-critical technology, the statement said.

The North Karanpura plants, to be located in Chatra district, are NTPC's maiden project in Jharkhand, where about 26 percent of the population is tribal.

(Reporting by Malini Menon; editing by Keiron Henderson)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

TCS Results

TCS Results

TCS net profit rises 51.5 percent, sees stronger sales growth.  Full Article | Quote 

Google Results

Google Results

Google Q1 revenue misses Wall Street targets.  Full Article 

Ambitious Aim

Ambitious Aim

In green car race, Toyota adds muscle with fuel-cell launch.  Full Article 

Sparking Boom

Sparking Boom

BlackBerry: the crash that launched 1,000 start-ups.  Video 

Telecom Sector

Telecom Sector

RComm to raise mobile call tariff by up to 20 percent  Full Article 

Chinese Economy

Chinese Economy

China economic growth slows to 18-month low in first quarter  Full Article 

Breakingviews

Breakingviews

Diageo throws money at Indian empire-building  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage