Coal India to implement 126 projects during 12th Plan period

Coal India has identified 126 projects, having an estimated capacity of 438.04 million tonnes, to be taken up during the 12 {+t} {+h} Plan period.

According to S. Narsing Rao, Chairman, CIL, preliminary reports for 78 of them have been formulated.

“Four projects, having an estimated capacity of 12.50 million tonne and a proposed investment of Rs 2,294.79 crore, have also been sanctioned,” Rao told shareholders during the 39 {+t} {+h} AGM here on Wednesday. According to him, nearly half (60 of the identified 126) the projects would contribute about 88 million tonne in the terminal year (2016-17) of the Five Year Plan.

In order to meet production demand, the company has decided to work under the mine-developer-operator (MDO) mode. “We propose to take up seven mines in the first phase and expand later based on experience,” the Chairman said.

Coal Import

CIL is likely to import 15 million tonnes of coal for power utilities as part of meeting the fuel supply agreement commitments.

“We have received interest for 15 million tonnes from private power producers and state-owned entities,” CIL director (marketing), B.K Saxena, told reporters on the sidelines of the AGM.

 

Continue Reading

Share

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*