The Cabinet Committee on Economic Affairs (CCEA), on Thursday, January 18, approved estimated equity investments of INR 5,607 Crore from Coal India Ltd’s (CIL) subsidiaries, South Eastern Coalfields (SECL) and Mahanadi Coalfields Ltd (MCL), for setting up two thermal power projects with a total generation capacity of 2260 MW.
The state-owned SECL has formed a JV (Joint Venture) with MPPGCL (Madhya Pradesh Power Generating Co Ltd) to develop a 660 MW supercritical thermal power plant at Amarkantak in Madhya Pradesh. SECL will invest equity capital of approximately INR 823 Crore with an estimated project cost of INR 5,600 Crore in this development.
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Similarly, Mahanadi Basin Power Ltd (MBPL), a subsidiary of MCL, will set up a 2X800 MW supercritical thermal power plant in the Sundargarh District of Odisha with an investment of approximately INR 4784 Crore equity capital and an estimated project value of INR 15,947 Crore.
CIL, the largest coal mining company in the world, through its subsidiaries, will develop these pithead thermal power plants to provide affordable power across the country.
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