NTPC to invest Rs 40k cr in 3 coal-based projects in MP

The state-owned power major NTPC on Wednesday said it will invest about Rs 40,000 crore for setting up three coal-based projects in Madhya Pradesh. The company has selected sites at Bamitha, Gadarwara and Khargone in the state for setting up three coal-fired power stations with a combined capacity of 7,960 mw. The average generation cost of one megawatt power is Rs 5 crore.

Studies such as environmental impact, water and fuel availability are underway and would be complete in the next six months. “Studies are on and the detailed project report and feasibility report will be complete in the next six months, and within a year we can start working on these projects,” NTPC chairman and managing director RS Sharma said on the sidelines of Power Ministers’ Conference here.

The thermal power projects at Bamitha, Gadarwara and Khargone are expected to be of 4,000 mw, 2,640 mw and 1,320 mw capacity, respectively. The annual coal requirement of these power projects is estimated at 40 million tonne, considering 5 million tonne coal is needed for generating 1,000 mw power. NTPC is yet to tie up the fuel linkage for these projects.