Neyveli Lignite Corporation (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).
This was disclosed by Shri Sriprakash Jaiswal, Union Minister of Coal to the members of Parliamentary Consultative Committee attached to his ministry here today. He said that 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.
Members were told that 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 290.16 mt.
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