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Rs 2,413 cr additional investment in coal projects: Cabinet

Written by: Staff

New Delhi, May 9 (UNI) The government today announced an additional investment of Rs 2,413.8 crore in three coal projects -- for the expansion of Amlohri and Krishnashila opencast mines and in the Madhuband Washery Project.

The Cabinet Commitee on Economic Affairs gave its approval for sanctioning of Amlohri Opencast Expansion Project of Northern Coalfields Limited from 4 million tonnes per year to 10 million tonnes per year for additional capital investment of Rs 1352.04 crore for Departmental implementation of both coal production and overburden removal.

Briefing newspersons on the outcome of the CCEA meeting, Minister for Information and Broadcasting Priya Ranjan Dasmunsi told newspersons the decision also involves floating and approval of tenders for outsourcing additional removal for first three years and also outsourcing additional Shovel Domper OB removal on long term basis and for floating tenders for procurement of equipment for Departmental operations.

He said additional coal production will meet demand of second phase of Rihand State Thermal Power Station of NTPC.

The Amlohri Opencast Porject is located in Sidhi district of Madhya Pradesh.

The estimated cost of Madhuband Washery Project of Bharat Coking Coal Limited (BCCL) has been hiked by Rs 271.7719 crores and at same completion cost.

The project will benefit 2.5 million tonnes of coking coal per annum, producing 1.13 million tones clean coal per annum. It will enable the company to meet the shortage of washed coal feed to the steel sector.

Madhuband Washery Project is located in Jharia coalfield.

The CCEA also approved the 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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