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:

REUTERS SHOWCASE

Oil Prices Fall

Oil Prices Fall

Brent near four-year low after OPEC decides against output cut  Full Article 

Banking Sector

Banking Sector

India says considering plan to reduce stake to 52 pct in state banks   Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

SAARC Summit

SAARC Summit

Summit salvaged after handshake by leaders of India, Pakistan  Full Article 

Social Media

Social Media

Twitter to start tracking users' mobile apps  Full Article 

Forever21 in India

Forever21 in India

Forever21 sets sights on Indian cities, but please hold the hot pants  Full Article 

Japan Economy

Japan Economy

Japan inflation slows in October, output and spending show signs of recovery  Full Article 

Reuters India Mobile

Reuters India Mobile

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