NTPC approved 14366-crore rupees investment for Jharkhand plant
NTPC has approved an investment of 14366.58 crore rupees for its Karanpura thermal power project in Jharkhand.
NTPC on 15 March 2014 approved an investment of 14366.58 crore rupees for its Karanpura thermal power project in Jharkhand. This investment has been planned after the company in 2013 was reallocated coal blocks in the state.
The Cabinet Committee on Investment (CCI) in 2013 cleared the proposal of NTPC allowing it to set up a 1980 MW power plant with three units of 660 MW each. The project was struck, since 2008 following the withdrawal of coal linkages by the Coal Ministry.
Apart from this a consultancy wing of NTPC has won a contract to provide engineering consultancy services to Trincomalee Power Company Ltd. The consultancy project has been won for setting up 500 MW (2X250 MW) coal-based project at Trincomalee in Sri Lanka. The contract agreement between NTPC and Trincomalee Power Company Ltd. (TPCL) and NTPC signed a contract agreement on 13 March 2014 at Colombo in Sri Lanka.
NTPC is India's largest power company and was set up in 1975 to accelerate power development in India. It is emerging as an Integrated Power Major, with a significant presence in the entire value chain of power generation business. It has an installed capacity of 42964 MW.