The giant company in the Indian power segment, the Reliance Power has recently announced that it is planning to make a huge investment of Rs 2,500-3,000 crore in India, over a period of three years. The company said that the investment is being made for developing three coal mines for fueling its Sasan Ultra Mega Power Project in Madhya Pradesh and it is currently awaiting the governments nod for developing the mines in a strategic partnership with the North American Coal Corporation (NACC).
Commenting on the companys plans with the development of mines, one of the top officials of Reliance Power said, "We have submitted the plan for the pit-head mines, to be developed in a strategic partnership with the North American Coal Corporation (NACC), to the ministry of coal and expect the final clearance within a few months". The official informed that the NACC is the largest lignite coal producer and is also considered among the top ten coal producers in the US. The official said that the NACC is going to provide technical assistance, including the evaluation of geological data, mine planning and design, supervision of mining operations and training for the Reliance professionals, under the Memorandum of Understanding (MoU) signed with Reliance Power.
According to the sources from the industry, the Reliance Powers coal mining plans for the Sasan project is likely to be one of the largest and unprecedented so far in India and it would also have some advanced coal handling equipments. The sources said that one of the transportation vehicles (of 240 tonne capacity) that will be used in this project is equivalent to the size of four railway wagons. The sources added that the company has already placed orders for modern coal handling equipment with four to five leading manufacturers both in the US and Europe.
|
|
|
|
|
| Posted : 3/27/2008 |
|
|
|
|
