Sunday, October 18, 2009

NTPC, Coal India to form JV to develop coal mines

NEW DELHI: State-owned NTPC and Coal India would form a 50:50 joint venture to develop coal mines for feeding the power major's Farakka and
Kahalgaon thermal projects. And the Central Mine Planning & Design Institute, a subsidiary of Coal India which provides consulting services in the areas of coal explorations, sources said, may prepare a detailed project report on this. NTPC today informed the Bombay Stock Exchange it had signed an agreement with Coal India to form a joint venture company for developing the Brahmini and Chichro Patsimal coal blocks which would supply the dry fuel to its Farakka and Kahalgaon power plants in West Bengal and Bihar respectively. After meeting the coal requirements of NTPC, the proposed JV company will consider building a thermal power plant, sources said. "This JV company would develop the coal blocks for NTPC's power projects and if any surplus coal is available at the locations, it (JV company) may utilise these for building a thermal power plant," they said. They said NTPC-CIL joint venture would get a detailed project report made "most probably by the Central Mine Planning & Design Institute (CMPDI)".

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