GVK Power and Infrastructure has secured environmental approval for its A$10 billion Alpha coal and rail project in Australia’s Queensland state, with 19 conditions to protect the environment. The Alpha scheme is the front-runner among several projects in the untapped Galilee Basin in Queensland, where rival Indian group Adani Enterprises is planning a A$10.9 billion coal and rail project
Following a rigorous and thorough assessment process by two levels of government spanning four years, Federal Environment Minister Tony Burke gave an approval decision to construct and operate the Alpha Coal Mine and a railway line between the mine and the port at Abbot Point, near Bowen.
GVK acquired 79% stake in the Alpha Coal and Alpha West projects and a 100% stake in Kevin’s Corner project in Queensland from Hankock Prospecting. These projects hold total resources of 8 billion tonnes and a peak capacity of 80 million tonnes per annum. When combined, these projects will create one of the largest coal mining operations in the world.
Company Name | CMP |
---|---|
NTPC | 351.50 |
Tata Power | 411.30 |
Power Grid Corp | 306.30 |
Adani Power | 594.80 |
Torrent Power | 1320.00 |
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