Coal India Ltd (CIL) is looking at the prospect of setting up a joint venture power plant in partnership with the National Thermal Power Corporation (NTPC). Meanwhile, CIL has firmed up Rs 14,000 crore investments for the 11th Five Year plan period and has targeted total coal production of 550 million tonne. In 2005-06 the company has set a goal of 343 million tonne. In 2004-05 CIL mined close to 323 million tonne.
Addressing the Confederation of Indian Industrys annual regional meeting and international conference on minerals-metals-manufacturing, chairman Shashi Kumar said that the environment related litigation had affected 58 CIL mines and if closed down, the country would see a shortage of around 80 million tonne of coal, which would lead to acute shortage for power sector and other users.
Meanwhile, the joint venture power plant envisioned with Neyveli Lignite Corporation (NLC) has hit an obstruction with coal linkage not being available for the project.