State run Neyveli Lignite Corporation plans to invest INR 40,200 crore to build power plants in Tamil Nadu, Rajasthan and Uttar Pradesh.

The Navratna company has plans to install 7500 MW of power generation capacity, including a 4000 MW plant in Tamil Nadu and a 2000 MW plant in Uttar Pradesh.

The coastal Sirkali Thermal Power Project in Nagapattinam district of Tamil Nadu has already got in-principle approval from the company board.

The project would be implemented in two phases of 2000 MW each, at an estimated cost of INR 20,000 crore, using coal as the main fuel. NLC has approached the state government for administrative sanction to acquire lands. Preliminary project activities are in process.

(Sourced from Business Standard)