May 29, 2013

Neyveli Lignite Corporation has lined up Rs. 29,000 crore of investments during the 12th Plan period (2012-17) in a bid to take the total power generation to 11,195 MW by end of the next five year plan.

“We are going to invest Rs. 29,000 crore in the 12th (Five Year) Plan. And then we are going to have a coal requirement to 10 million tons for our coal-based power projects”, Neyveli Lignite Corporation Chairman and Managing Director B Surender Mohan said.

Elaborating, he said the Navratna company was progressing on a 2x500MW coal based power projects at Tuticorin which will be a joint venture between NLC and State electricity board.

The first unit is expected to be commissioned in December 2013 and second unit II will be in March 2014. By completing the projects, NLC’s power generation capacity will be increased from 2,740 MW to 4,240 MW.

“We are aiming to grow at 4-5 times which will be the road map for our plan to get Maharatna status”, he said. Besides, he said the company is proposing to have a coal based 4,000 MW power plant at Sirkali in Tamil Nadu while the lignite mining capacity would be enhanced from 30.6 MTPA to 38.83 MTPA by end of 13th Five Year plan.