Cabinet approves equity investments by SECL and MCL for new TPPs

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal for equity investment by two Coal India Limited subsidiaries for setting up two pithead thermal power plants (TPPs) of 2,260 MW. The total equity investment approved by the CCEA for both the power plants is Rs 56.07 billion and the cumulative project cost is Rs 215.47 billion. The CCEA approved the 660 MW Amarkantak supercritical coal-based TPP in Anuppur, Madhya Pradesh, through a joint venture between South Eastern Coalfields Limited and Madhya Pradesh Power Generating Company Limited. The cabinet also approved a 1,600 MW supercritical TPP in Sundargarh, Odisha, through Mahanadi Basin Power Limited, a subsidiary of Mahanadi Coalfields Limited.