The coal ministry has allowed Reliance Power (R-Power) to reassign 26 million tonnes per annum (mtpa) of coal from the Tilaiya ultra-mega power project (UMPP) coal blocks in Jharkhand. The permission has come even as the government, Tata Power and R-Power are locked in a legal battle in the Supreme Court over permission to divert coal from the Sasan UMPP to another R-Power project.
The ministry’s decision will help R-Power set up new coal-fired power projects or use the excess coal for other projects. The coal mines, named Kerandari B&C in Jharkhand, can support 10,000 megawatt (Mw) of power generation. It is estimated to be the largest coal block in India and among the top three in the world, with reserves in excess of 1.2 billion tonnes. The mining plan, approved by the government on October 29, allows R-Power to draw 40 mtpa of coal for over 30 years.
The company will utilise 16 mtpa of coal exclusively for the Tilaiya UMPP and the balance 24 mtpa will be utilised or disposed of according to the conditions in the allocation letter. R-Power already has the largest coal reserves in India with over 2 billion tonnes. It is setting up three UMPPs, another 4,000-Mw capacity at Chitrangi and 1,200-Mw capacity at Rosa, besides gas, wind, hydro and solar projects. The company targets a generation capacity of over 25,000 Mw by 2015.
It will produce 70 mtpa of coal from Indian mines to support 20,000-Mw capacity for 25 years and another 10,000-Mw capacity will be supported by coal from its three mines in Indonesia.crackcrack
| Company Name | CMP |
|---|---|
| NTPC | 365.70 |
| Tata Power | 413.55 |
| Power Grid Corp | 337.00 |
| Adani Power | 460.75 |
| Torrent Power | 1517.70 |
| View more.. | |
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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