NTPC Signs Agreement With CIL For Brahmani Coal Block In Jharkhand

Published: 30-May-2009

By: Staff Writer Staff Writer Staff Writer

NTPC Limited (NTPC) confirmed a joint venture agreement with Coal India Ltd. (CIL) to develop the Brahmani block in Jharkhand. The Brahmani block has an estimated reserve of 1,100 million tonnes. R S Sharma, chairman and managing director of NTPC Limited, at the signing of the fuel supply agreement with CIL, informed that “We are looking forward to signing the JV agreement with CIL in June, following which further exploration work will be done.”

If the coal block is developed, a 4,000 MW thermal power facility can be develop at the pithead of the block. The investment for the project is estimated at INR220 billion.

N C Jha, technical director of CIL, declared that “The Brahmani coal block is expected to have estimated reserves of 1,100 million tonnes according to initial regional exploration, but detailed exploration work needs to be carried on after the formation of joint venture. We will carve out projects then.”

NTPC would focus on opportunities in the renewable sector in West Bengal. By the end of March 2012, the company plans to commission a 100 MW of wind energy projects.

The company for the wind energy projects signed MoUs with state power utilities in Karnataka. It is also looking for projects at Madhya Pradesh and Gujarat. It is taking active interest in Solar energy and is in the process of preparing detailed project reports for Andhra Pradesh.

Tell your friend about this article