These coalbased power plants, each with a capacity of 5,000 megawatts (total 30 GW capacity), will be built in the coal fields of Chhattisgarh, Odisha, and Jharkhand. According to the coal ministry, each power plant will be established through joint ventures (JVs) with the government, private power companies, and state-owned electricity generators.
Under the terms of the JVs, the state-owned coal companies will have a stake or equity in the power plants, and in return, the Coal Ministry will provide adequate land, coal, or funds.
To kick off the project, the ministry is creating land banks or acquiring land around its coalfields, and the work on the projects will begin once the general election is over.
This story is from the April 29, 2024 edition of The New Indian Express.
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This story is from the April 29, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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