The coal ministry has approved a mining plan for associated captive coal blocks of Reliance Power’s Tilaiya ultra mega power project (UMPP) in Jharkhand. This is the third UMPP bagged by the private developer. The government has so far allocated four UMPPs.Significantly, Reliance Power has recently signed an MoU with the US Exim Bank for financial assistance of up to $ 5 billion for funding the purchase of mining equipment from US companies. The developer has also secured a $917-million loan from the US Exim Bank for financing mining equipment for the Sasan UMPP.
The government has allocated captive coal blocks, Kerandai B and C, to help the developer meet the fuel requirement of the Tilaiya UMPP on an assured basis.The two coal blocks are estimated to have production potential of 40 million tonne a year. Of this, 16 million tonne will be used exclusively to fire the Tilaiya plant while the balance will have to be disposed off as per the policy laid down by the coal ministry. The developer has recently signed pact with Chinese company, Shanghai Electric, for supply of power equipment worth $ 10 billion for its envisaged power projects.
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