Cabinet approves expansion of Krishnashila Opencast Project
New Delhi, May 9 (UNI) The Cabinet Committee on Economic Affairs today gave its approval for sanctioning of Krishnashila Opencast Project (OCP) of Northern Coalfields Limited (4.0 million tonnes per year) for a capital investment of Rs 789.99 crores for departmental implementation of both overburden removal and coal production.
It also cleared floating and approval of tenders for outsourcing of coal production and overburden removal for first three years under ECPP and also on long-term basis and for floating tenders for procurement of equipment for departmental operations.
The meeting also approved flexibility at the implementation stage within the approved cost estimmates to respond to improvements in technology and equipments, which would result in improved profitability and productivity parameters.
Krishnashila OCP will have linkage with Captive Thermal Power Station of Renusagar Power Company of HINDALCO.
The Krishnashila Opencast Project is located in the Sonebhadra distirct of Uttar Pradesh.
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