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Singareni Collieries Company Ltd has approved the setting up of a 600 MW coal-fired thermal power plant (Stage II) at Jaipur, in Adilabad district of Telangana.
The company’s 528th meeting was chaired by N Sridhar, Chairman and Managing Director of SCCL; AK Bhalla, Additional Secretary, Ministry of Coal, and others were present. At the meeting, the board approved the detailed project report of the power plant’s expansion.
The expansion project entails a capital cost of ₹3,570 crore.
It is planned to build the project with 30 per cent equity by SCCL and 70 per cent debt. The required 220 acres of land and 0.7 tmc of water is available. This proposal has been taken up after approvals by Telangana Chief Minister K Chandrasekhar Rao, who visited the project site on December 25, 2014.
Increased productionOther important items on the agenda included production enhancement from 1.50 mt a year to 2.5 mt a year from the existing Kakatiya Opencast mines, which are to supply raw material the proposed power plant.
The meeting also discussed the production expansion from the Khairagura Opencast fields from 2.5 mt a year to 3.75 mt a year.
Enhanced production from these mines is likely to be realised in 2015-16.
The board of directors also approved the employee-centric welfare measures, including the introduction of a Special Female Voluntary Retirement Scheme-2015. This was agreed to at a structured meeting with the recognised union in December 2014 and is on the lines of a similar policy approved in CIL.
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