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Neyveli Lignite lines up Rs 29,000 cr investments during 12th Plan period

CHENNAI: Government-owned Neyveli Lignite Corporation has lined up Rs 29,000 crore of investments during the 12th Plan period -- 2012-2017 -- in a bid to take the total power generation to 11,195 MW by end of the next five year plan, a top company official said today. 

"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 tonnes for our coal-based power projects", Neyveli Lignite Corporation Chairman and Managing Director B Surender Mohan told reporters here. 

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 and by the end of 13th Five Year plan period, the total power generation would go to 11,195 MW," he said. 

"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. 

The company was also planning to have a 80MW of projects based on solar and wind power in Tamil Nadu and Rajasthan. 

"The board today also approved for a 80 MW of power projects based on solar and wind...about 50 MW will be from wind power (in Rajasthan) and 10 MW will be in Solar in Neyveli itself. We are planning to do 10 MW 
solar power project in Rajasthan in the first stage. Later we will do another 10 MW of power (in Rajasthan)," he said.