Coal news and updates

NLC to invest in coal and power projects

Neyveli Lignite Corporation Limited(NLC) will invest Rs. 29,239 crore in coal and power sectors during 12th plan. Out of this it will invest Rs. 26,728.40 crore for development of power projects and Rs. 2,510.70 crore for coal projects said a statement issued by the government. During the period NLC has planned expansion of a number of its ongoing projects also which include mines at Neyveli and Barsingsar (Rajashtan) and power plant at Tuticorin (Tamil Nadu). NLC has also planned to setup wind farm with the investment of Rs. 364.75 Crore and solar power project with Rs. 13,319 crore.


NLC is already working of the development of underground coal gasification (UCG) projects. UCG project in Raneri, Rajasthan will be taken up through a suitable developer through competitive bidding. UCG projects in Rajasthan and Gujarat will be implemented in joint venture with ONGC. Members were informed that by the 2016-17 lignite production in the country is expected to reach 290.16MT.

Meanwhile Members of Parliament have suggested that safety measures to make mining accidents free and to check theft of coal must be improved. They demanded that during the planning of relief and rehabilitation projects coal companies should consult local elected representatives including Members of Parliament.

Source: The Times of India