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CIL to firm up power biz

Power & New and Renewable Energy
April 1, 2014April 1, 2014
CIL to firm up power biz
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Coal India (CIL) has set a deadline of December 2014 to firm up its power business. The company is planning to invest Rs 10,000 crore for a 1,600 MW plant at Sundargarh in Odisha. CIL has begun the process of getting regulatory clearances, and aims to acquire them within six months. However, the company is yet to decide whether the plant will be used for its own consumption or for merchant power market.

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