The Cabinet on Thursday approved equity investment by South Eastern Coalfields (SECL) and Mahanadi Coalfields (MCL). Further, Coal India will also set up two Pithead Thermal Power Plants through its subsidiaries, a move aimed at providing cheaper power.
The Cabinet Committee on Economic Affairs (CCEA) approved investment by SECL for setting-up 1×660 MW Thermal Power Plant through Joint Venture (JV) of SECL and Madhya Pradesh Power Generation Company Limited (MPPGCL).
SECL equity investment includes capital of Rs 823 crore with an estimated project capex of Rs 5,600 crore for the proposed Supercritical Thermal Power Plant through the JV at Amarkantak Thermal Power Station in Village Chachai, Madhya Pradesh.
