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Neyveli Lignite seeks partner for coal blocks

Neyveli Lignite seeks partner for coal blocks
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First Published: Mon, Feb 08 2010. 12 40 AM IST
Updated: Mon, Feb 08 2010. 12 40 AM IST
New Delhi: State-owned Neyveli Lignite Corp. Ltd is seeking joint venture partners to identify and acquire coal blocks in Asia and Africa.
The company is also planning to bid for ultra mega power projects under tariff-based competitive bidding and has sought necessary approvals from the government for the same, it said.
The coal extracted from the blocks will mainly cater to the fuel requirements for the power projects and serve as a fuel linkage for its 2x500MW power project at Tuticorin in Tamil Nadu.
The firm currently has three mines of total capacity of 24 mt and three thermal power stations of total capacity 2,490MW.
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First Published: Mon, Feb 08 2010. 12 40 AM IST