Coal India Ltd, the world's largest coal miner, plans to set up a 1.6 gigawatt power plant by 2015/16 near one of its mines from which coal cannot be shipped and sold due to a lack of rail connections, a company executive said.
The company has often said its output would be 300 million tonnes more than the current figure of about 475 million given enough rail tracks to carry the fuel from new and remote mines.
Insufficient connectivity is one of the reasons the company has lagged output targets for more than six straight years - leading to shortages at power producers and crippling outages.
"The country either needs coal or power," said CB Sood, an executive director at the company. "If we are not able to evacuate coal, we should set up pit-head power plants."
Speaking on the sidelines of a coal conference in the resort state of Goa, Sood said the company was seeking a joint venture partner to set up the plant.
Coal India has already received some clearances and more are likely, he added. The plant will be near a mine that produces 20 million tonnes per year in the eastern state of Odisha.
"Pit-head power plants make a lot of sense for the country," said Niladri Bhattacharjee, a resources expert with KPMG Advisory Services. "Power tariffs will reduce by at least 50 paisa per kilowatt hour compared with conventional plants due to savings on transportation and other costs."
Project Value
Refer document
Conceptual
Odisha
India
Energy
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