The Cabinet on Thursday approved equity investment by South Eastern Coalfields (SECL) and Mahanadi Coalfields (MCL). Further, Coal India will also set up two Pithead Thermal Power Plants through its subsidiaries, a move aimed at providing cheaper power.
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The Cabinet Committee on Economic Affairs (CCEA) approved investment by SECL for setting-up 1×660 MW Thermal Power Plant through Joint Venture (JV) of SECL and Madhya Pradesh Power Generation Company Limited (MPPGCL).
SECL equity investment includes capital of Rs 823 crore with an estimated project capex of Rs 5,600 crore for the proposed Supercritical Thermal Power Plant through the JV at Amarkantak Thermal Power Station in Village Chachai, Madhya Pradesh.
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Further, the government has also given nod for investing an equity capital of Rs 4,784 crore by MCL for the proposed 2×800 MW Super-Critical Thermal Power Plant in Sundargarh District, Odisha with an estimated project capex of Rs 15,947 crore through Mahanadi Basin Power Ltd (MBPL).
