CIL signs pact with DVC for Rs 16,500cr power project in Jharkhand
Times of India | 22 April 2025
123 Kolkata: Widening further its business diversification portfolio, Coal India Limited has joined hands with Damodar Valley Corporation to set up coal-fired 2×800 MW ultra supercritical power plants in Jharkhand. The total investment would be to the tune of Rs 16,500 crore. This would be a brownfield project, an expansion of the existing Chandrapura thermal power station of 2X250 MW capacity.
A non-binding MoU was signed between the two govt-owned energy entities in Kolkata on Monday. In the presence of CIL chairman PM Prasad and DVC chairman S Suresh Kumar (IAS), the pact was inked by Debasish Nanda, director (business development), CIL, and Swapnendu Kumar Panda, member (technical), DVC, on behalf of the respective companies.
The JV company would be on 50% equity sharing basis. Coal for the proposed power plants would be sourced from coalfields in the proximity from CIL's subsidiary companies Bharat Coking Coal Limited and Central Coalfields Limited.