Coal India commits $1.94 B to new power plant
Coal India teams up with Damodar Valley Corporation to expand coal-fired power as India balances energy growth with sustainability goals.
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India, Jharkhand: Coal India will invest $1.94 B (INR165 B) to develop a 1,600 MW coal-fired power plant in Jharkhand, as part of a joint venture with Damodar Valley Corporation (DVC). The project aims to help meet the country’s rising electricity demand.
The two state-run entities signed a non-binding memorandum of understanding to establish the plant, which will comprise two 800 MW units. It will be an extension of an existing 500 MW facility, further boosting power output in the region.
Coal India is also advancing its energy portfolio with the construction of two additional pit-head thermal power plants in Madhya Pradesh (660 MW each) and another 1,600 MW plant in Odisha, all scheduled for completion by 2030.
India is intensifying efforts to expand its thermal power capacity, even as it continues to pursue non-fossil energy targets. Officials cite challenges such as sluggish demand for renewable tenders and project cancellations as reasons for the renewed focus on coal-based power.
Major private players, including Tata Power, JSW Energy, and the Adani Group, are also reportedly planning further coal power investments, reflecting a broader industry trend toward hybrid energy strategies.
Source: Reuters
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