{"id":190524,"date":"2024-01-18T15:58:27","date_gmt":"2024-01-18T10:28:27","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=190524"},"modified":"2024-01-18T15:58:27","modified_gmt":"2024-01-18T10:28:27","slug":"cabinet-approves-equity-investment-by-i-south-eastern-coalfields-limited-for-setting-up-1x660-mw-thermal-power-plant-through-jv-of-secl-and-mppgcl","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/pa\/cabinet-approves-equity-investment-by-i-south-eastern-coalfields-limited-for-setting-up-1x660-mw-thermal-power-plant-through-jv-of-secl-and-mppgcl\/","title":{"rendered":"Cabinet approves equity investment by (i) South Eastern Coalfields Limited for setting-up 1\u00d7660 MW Thermal Power Plant through JV of SECL and MPPGCL"},"content":{"rendered":"

\u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964<\/a><\/p>

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(ii) Mahanadi Coalfields Limited for setting-up 2×800 MW Thermal Power Plant through MBPL<\/h2>\n
Delhi, <\/strong>18 JAN 2024<\/strong><\/div>\n
<\/div>\n<\/div>\n

The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today approved proposal for equity investment by (i) South Eastern Coalfields Limited (SECL) for setting-up 1\u00d7660 MW Thermal Power Plant through JV of SECL and MPPGCL; and (ii) Mahanadi Coalfields Limited (MCL) for setting-up 2×800 MW Thermal Power Plant through Mahanadi Basin Powe Ltd (MBPL – a subsidiary of MCL).<\/p>\n

The CCEA has approved the proposal of equity investments by SECL, MCL and CIL as follows:<\/strong><\/p>\n

(a)\u00a0\u00a0\u00a0 Equity Capital of Rs.823 Crore (\u00b1 20%) by SECL considering a Debt-Equity Ratio of 70:30 and 49% Equity Investment in JV Company with an estimated Project Capex of Rs.5,600 Crore (accuracy of \u00b120%) for the proposed 1\u00d7660 MW Supercritical Thermal Power Plant through JV of SECL and MPPGCL at Amarkantak Thermal Power Station in Village Chachai, Anuppur District, Madhya Pradesh.<\/p>\n

(b)\u00a0\u00a0\u00a0 Equity Capital of Rs.4,784 Crore (\u00b1 20%) by MCL for the proposed 2\u00d7800 MW Super-Critical Thermal Power Plant in Sundargarh District, Odisha with an estimated Project Capex of Rs.15,947 Crore (accuracy of \u00b120%) through MBPL.<\/p>\n

(c)\u00a0\u00a0\u00a0\u00a0 Approval to MBPL, an SPV of MCL to set up the 2\u00d7800 MW Super-Critical Thermal Power Plant.<\/p>\n

(d)\u00a0\u00a0\u00a0 Equity Investment by CIL beyond 30% of its net worth in the JV of SECL-MPPGCL (Rs.823 Crore \u00b1 20%) as at (a) above, and in MBPL, a 100% wholly owned subsidiary of MCL (Rs.4,784 Crore \u00b1 20%) as at point (b) above.<\/p>\n

Coal India Limited (CIL), the largest coal mining company in the world, will set up following two Pithead Thermal Power Plants, through its subsidiaries, with a view to provide cheaper power to the country \u2013<\/p>\n

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  1. 1\u00d7660 MW Supercritical Coal-Based Thermal Power Plant (TPP) at Amarkantak Thermal Power Station in Village Chachai, Anuppur District, Madhya Pradesh, through JV between SECL and Madhya Pradesh Power Generating Co Ltd (MPPGCL);<\/li>\n
  2. 2\u00d7800 MW Supercritical Thermal Power Plant, in Sundergarh District, Odisha, through \u2018Mahanadi Basin Power Ltd\u2019 (MBPL), a Wholly Owned Subsidiary of MCL.<\/li>\n<\/ol>\n

    <\/p>","protected":false},"excerpt":{"rendered":"

    \u0a2e\u0a3e\u0a2b\u0a3c \u0a15\u0a30\u0a28\u0a3e, \u0a07\u0a39 \u0a16\u0a2c\u0a30 \u0a24\u0a41\u0a39\u0a3e\u0a21\u0a40 \u0a2c\u0a47\u0a28\u0a24\u0a40 \u0a2d\u0a3e\u0a38\u0a3c\u0a3e \u0a35\u0a3f\u0a71\u0a1a \u0a09\u0a2a\u0a32\u0a2c\u0a27 \u0a28\u0a39\u0a40\u0a02 \u0a39\u0a48\u0964 \u0a15\u0a3f\u0a30\u0a2a\u0a3e \u0a15\u0a30\u0a15\u0a47 \u0a07\u0a71\u0a25\u0a47 \u0a26\u0a47\u0a16\u0a4b\u0964 (ii) Mahanadi Coalfields Limited for setting-up 2×800 MW Thermal Power Plant through MBPL Delhi, 18 JAN 2024 The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today approved proposal for equity investment by (i) South […]<\/p>\n","protected":false},"author":17,"featured_media":190527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122],"tags":[104629,104627,56731,8533,104628],"class_list":{"0":"post-190524","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national","8":"category-news","9":"tag-cabinet-approves-equity-investment-by","10":"tag-mahanadi-coalfields-limited","11":"tag-news-makhani","12":"tag-pm-narendra-modi","13":"tag-south-eastern-coalfields"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/posts\/190524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/comments?post=190524"}],"version-history":[{"count":0,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/posts\/190524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/media\/190527"}],"wp:attachment":[{"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/media?parent=190524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/categories?post=190524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnarad.com\/pa\/wp-json\/wp\/v2\/tags?post=190524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}