NTPC plans to invest 4 billion dollar to develop its first ever coal mine. Pakri Barwadih coal mine in Jharkhand can serve as source to lower dependency on coal imports for the PSU in future.
NTPC, the largest energy conglomerate of the nation has proposed to operate its first coal mine in Jharkhand. The PSU has come with the proposal to serve one basic cause ie to curtail its coal imports ultimately resulting into low electricity tariff to consumers.
According to the latest updates, the PSU has planned the commencement of production from Pakri Barwadih , Jharkhand from early 2017. The mine is expected to yield 310 MnT in coming 25 years.
It should be noted that 15 bidders had applied for NTPC’s Pakri-Barwadih coal block. Among them, A venture of Thriveni Earthmovers and Sainik Mining has emerged out as top bidders for NTPC’s 4 billion dollar contract. Yet decision is to be taken for the award of contract based on final round of bid.
Earlier, NTPC has cancelled its contract with Australian company subsidized Thiess India Pvt Ltd on grounds of operational delays.
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