GVK gets green nod to import coal

GVK Power (Goindwal Sahib) Ltd, a subsidiary of GVK Power and Infrastructure, has got permission from the Environment Ministry to import coal from South Africa as a ´stop gap´ arrangement in case the company fails to get coal from its captive mines in Tokisud North sub-block in Jharkhand. GVK is setting up a 2×270 MW thermal power plant at Goindwal Sahib tehsil in Tarn Taran district of Punjab, and both the units have been synchronised to the grid. GVK has already received tapering coal linkage from Coal India to the tune of 1.5 lakh tonne and half of it is expected soon. The tapering coal linkage has been recommended by the Punjab government to the Ministries of Coal and Power. The Tokisud mines have 52 million tonnes of mineable reserves and are expected to meet the requirement of the Goindwal Sahib project of 2.32 million tonne on a yearly basis.