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SJVN to form joint venture for mining coal block in West Bengal

09 Jan 2015 Evaluate

Satluj Jal Vidyut Nigam (SJVN) has signed a Joint Venture Agreement (JVA) with six state power generating companies belonging to West Bengal, Bihar, Uttar Pradesh, Punjab, Karnataka and Tamil Nadu for formation of a JV Company for mining coal from Deocha Pachami-Dewanganj Horisingha Coal Block located in Birbhum district of West Bengal State.

The coal mined from the block would feed to the 1320MW (2*660MW) supercritical thermal power project of SJVN Thermal located at Buxar in Bihar.

SJVN is a joint venture between the Central government and Himachal Pradesh state government. The company owns and operates India’s largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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