NLC to invest 29,239 crore in coal and power sector during 12th plan

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. 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 (Tamilnadu). NLC has also planned to setup wind farm with the investment of Rs. 364.75 crore and Solar Power Project with the cost of Rs. 13,319 crore. By the 2016-17, lignite production in the country is expected to reach 290.16MT.

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