Coal India Ltd and Damodar Valley Corporation Sign JVA for 1600 MW Coal Fired Plant

Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have signed a strategic joint venture agreement (JVA) to undertake the Brownfield Expansion of a 1600 MW capacity Thermal Power Project at the existing site of DVC’s Chandrapura TPS, Jharkhand. The JV also explores possibilities of jointly undertaking other thermal power and renewable energy projects. The upcoming coal fired project will comprise two ultra supercritical units of 800 MW each, with a total installed capacity of 1,600 MW. Coal for these plants would be sourced from CIL’s Jharkhand based subsidiary, Central Coalfields Limited. The estimated project cost is nearly Rs, 21,000 crore and would be on a 50:50 equity sharing basis. The plants are targeted to commence commercial operations by FY 2031-32.