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

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

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