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Central Government/Public Sector | Multi State - India | PID: 202834
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The Ministry of Coal is planning to set up power plants around its coalfields across the country. These coal-based power plants, each with a capacity of 5,000 MW, totaling to a generation capacity of 30 GW, will be built in the coalfields of Chhattisgarh, Odisha, and Jharkhand. This is an endeavour to reduce the country’s reliance on exorbitant coal transportation for electricity generation.
Each power plant will be set up through joint ventures (JVs) with the government, private power companies, and state-owned electricity generators. Under the terms of the JVs, 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. Further, the Ministry is creating land banks or focused on land acquisition around its coalfields, and the work on the projects will begin once the general election is over. Talks are underway with power companies to set up these plants right next to the coal mines.
Two plants will be located in Chhattisgarh, one at its Mand-Raigarh Coalfield and another at the Korba Coalfield. In Odisha, two plants will be situated in the IB Valley area and the Sardega region. In the North, two plants will be at Chotanagpur in the North Karanpura Coalfield, and another in the Rajmahal Coalfield in Jharkhand. The government looks to replicate the model of the Shaktinagar’s coalfield region, which produces 10 percent of India’s coal and its Singrauli Super Thermal Power Station (SSTPS) generating 10 percent of the country’s electricity needs.
As per the National Electricity Plan, India’s total installed capacity requirement by 2031-32 is projected to be 900,422 MW, across fossil and non-fossil-based capacities along with BESS. Additionally, the Central Electricity Authority has planned for an increase in coal-based capacity to 283,000 MW by FY 2032 from the current 214,000 MW.
| Updated on: 03 - May - 2024
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