-4.75 (-1.38%) State run, NTPC’s 1,980 MW super-thermal power plant in Jharkhand, has received the Prime Minister Manmohan Singh-headed Cabinet Committee on Investment’s (CCI) nod, to resume the operations. This power project’s proposal has been pending for more than a decade, as in 2003, Coal India had raised the issue that NTPC’s power plant would be sitting on an area with nearly six billion tonnes of reserves.
But now it has investigated that, this thermal power plant in Jharkhand will not impact mining activity at Coal India’s Karanpura mines, located close by. Now, both sides - Coal India and NTPC - have agreed to work on their respective projects. The power plant will be operational for 35 years. After that, the land will be available for mining.
The entity has invested Rs 200-250 crore and obtained various clearances. The project, in fact, has received support from the Ministry of Environment & Forests, with Stage-1 Forest Clearance given and construction of a water dam having been started.