Chennai: Neyveli Lignite Corporation (NLC) on Monday said it plans to set up a 4,000 MW thermal power project in Tamil Nadu, with an investment of around Rs 20,000 crore.
“...the Board has accorded in-principle approval for setting up a coal-based power project with an overall capacity of 4,000 MW at Sirkali in Tamil Nadu at an estimated cost of around Rs 20,000 crore,” NLC chairman A R Ansari said in an address to shareholders at company’s annual general meeting here.
The project would be implemented in two phases of 2,000 MW each, he said, adding that the company has approached the state government for according administrative sanction to acquire required lands.
The company, Ansari said, also plans to set up a 250 MW thermal power plant and develop a mine in Rajasthan with nearly Rs 2,300 crore investment.
“A thermal power plant of 250 MW capacity with a linked mine of 2.25 MTPA capacity is proposed at Bithnok in Rajasthan at an aggregate estimated cost of Rs 2,298.83 crore,” he said.
The process was on to obtain lease from the Rajasthan government and environmental clearance from the ministry of environment and forest.
“The hydrological studies conducted for this project reveals that the saline contents in the mine water is on the higher side and hence, modalities for installation of desalination plant, usage of treated water and disposal and evaporation of the concentrated discard are required to be examined,” he said.
“Based on the outcome of the final project proposal will be considered...,” he added.
Meanwhile, the company said that it plans to acquire coal blocks to fuel its proposed thermal power projects.
“Considering the requirement of coal for the envisaged coal-based power projects, your company also proposes to enter into arrangements with Coal India and is also exploring to acquire/develop coal blocks,” he said.