India’s state-owned NLC seeks global, private firms to develop two coal mines

Lignite miner and power producer NLC India Ltd has invited domestic and foreign companies to develop its coal blocks in the eastern state of Odisha in a bid to secure cheaper fuel for its power plant, the firm’s chairman said on Tuesday.

Thermal power plants in India, home to the fourth biggest reserves of coal in the world, are grappling with fuel shortages following a sudden rise in demand triggered by a decline in hydro and nuclear electricity generation.

Near the mines, NLC is building a 4,000-megawatt thermal power plant in two phases, and aims to cut fuel costs to make “power affordable to people”, chairman Sarat Kumar Acharya said.

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