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NLC to invest 29,239 crore in coal and power sector during 12th plan

New Delhi, November 13: Neyveli Lignite Corporation Limited(NLC) will invest Rs. 29,239 crore in coal and power sectors during 12th plan. Out of this it will invest Rs. 26,728.40 crore for development of power projects and Rs. 2,510.70 crore for coal projects.

During the period NLC has planned expansion of a number of its ongoing projects also which include mines at Neyveli and Barsingsar (Rajashtan) and power plant at Tuticorin (Tamilnadu). This was disclosed by Sriprakash Jaiswal, Union Minister of Coal to the members of Parliamentary Consultative Committee attached to his ministry here today. He said that NLC has also planned to setup wind farm with the investment of Rs. 364.75 Crore and Solar Power Project with the cost of Rs. 13,319 Crore.

Members were told that NLC is already working of the development of Underground Coal Gasification (UCG)Projects. UCG project in Raneri, Rajasthan will be taken up through a suitable developer through competitive bidding. UCG projects in Rajasthan and Gujarat will be implemented in joint venture with ONGC. Members were informed that by the 2016-17 lignite production in the country is expected to reach 290.16MT.

Participating in the discussion, Members of Parliament suggested that CIL and its subsidies should improve safety measures to make mining accidents free and to check theft of coal. They demanded that during the planning of relief and rehabilitation projects coal companies should consult local elected representatives including Members of Parliament. The meeting was attended by Members of Parliament, Hemant Biswal, Pashupatinath Singh, Somabhai G. Patel, Rojen Gohain, Devidhan Besra, Ravindra Kumar Pandey, Ram Kripal Yadav, K. Rajgopal Reddy. 

Posted by Imphal Dispatch on 22:59. Filed under , . You can follow any responses to this entry through the RSS 2.0

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