Essar Power completes acquisition of Tokisud North coal block
Tokisud North coal block has extractable coal reserves of 52 million tonnes
Mumbai: Private power producer Essar Power Ltd on Tuesday said Essar Power MP Ltd has completed the acquisition of the Tokisud North coal field in Jharkhand, which it won in the recent auction.
Tokisud North coal block has extractable coal reserves of 52 million tonnes. Essar Power MP owns a 1,200 MW coal-based power plant at Mahan in Madhya Pradesh.
“With this coal mine acquisition, the company will commence mining operations to power the Mahan Power Plant within a few months. The company is in the process to sign long term power purchase agreements (PPAs)," the company said in its statement.
Mahan power plant was lying idle for many months due to coal problems, the firm said.
Essar Power has a total power generation capacity of 6,700 MW in India and Canada.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!