August 22, 2008

NTPC to invest INR 1,700 crore to develop Pakri coal mine

It is reported that National Thermal Power Corporation’s plans to commission its Pakri Barwadih coal mining project by March 2008 is likely to get delayed due to delays in the completion of necessary formalities by the Jharkhand government.

NTPC plans to invest INR 1,729 crore for development of the mine. NTPC is weighing 2 options for development of the project. Whereas the first option involves no outsourcing of infrastructural work and productivity norms based on Indian standards, the second option involves outsourcing of equipment via a mine development operator and productivity based on international norms.

Pakri Barwadih site has geological reserves of 707 million tonne of which 594 million tonne are proven reserves. The grade of coal at the new project is ‘F’. Supplies from Pakri Barwadih would be used for emergency situations for NTPC’s projects in the northern, eastern and the NCR.