Don’t miss the latest developments in business and finance.

NLC begins construction work for 1980-MW project in UP

Image
Press Trust of India Chennai
Last Updated : Oct 21 2016 | 4:42 PM IST
Public sector Neyveli Lignite Corporation has commenced construction of its 1980-MW power plant in Uttar Pradesh.
The power plant is a joint venture between Tamil Nadu-based NLC India Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd.
Neyveli Lignite Corporation has allocated Rs 17,237.80 crore towards the construction of the plant, of which 30 per cent would be equity and rest through loans.
Unit I is expected to be completed early 2020. The project would require 11.35 million tonne coal per annum.
Union Power Minister Piyush Goyal unveiled the plaque during the ground breaking ceremony yesterday at Ghatampur in Uttar Pradesh. Member of Parliament from Kanpur, Murli Manohar Joshi was also present at the ceremony, a press release said here.
"The central government is very eager to complete the construction work of this project within the sanctioned period as it would bring industrialisation in this area," Goyal was quoted as saying in the release.

Also Read

The plant would provide the maximum share of the generated power to the state to improve the power situation in there, he said.
The Environment Ministry has given its clearance for the project with imported coal option.
The Uttar Pradesh government has allocated 80 cubic feet per second water from the Allahabad Branch Canal to fulfill the water requirement of the project.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 21 2016 | 4:42 PM IST

Next Story