Coal India units to infuse Rs 5,607 crore in two thermal power projects

19 Jan 2024 , 03:18 PM

On Thursday, the Cabinet Committee on Economic Affairs authorized Rs 5,607 crore in equity investments by state-owned South Eastern Coalfields and Mahanadi Coalfields for two thermal power projects with a combined generating capacity of 2,260 MW.

According to an official statement, the decision was made during a meeting of the Cabinet Committee on Economic Affairs (CCEA) convened by Prime Minister Narendra Modi on Thursday. According to the release, South Eastern Coalfields Ltd (SECL) would establish a 660 MW thermal power plant through a joint venture with MPPGCL.

Similarly, Mahanadi Coalfields Ltd. (MCL) plans to build two 800 MW thermal power plants under Mahanadi Basin Power Ltd. (MBPL), a subsidiary of MCL. SECL would invest Rs 823 crore (plus or minus 20%) in the proposed 660 MW supercritical thermal power plant at Amarkantak Thermal Power Station in Madhya Pradesh through a joint venture with MPPGCL. The project capex is anticipated to be Rs 5,600 crore (plus or minus 20%).

The CCEA has also authorised MCL’s investment of Rs 4,784 crore equity capital (plus or minus 20%) in the proposed 2,800 MW supercritical thermal power plant in Sundargarh District, Odisha, with an estimated project expenditure of Rs 15,947 crore (plus or minus 20%) through MBPL. It has given clearance to MBPL, an MCL SPV, to build the 2,800 MW Super-Critical Thermal Power Plant.

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