NLC to invest Rs.40,200 Crore on power projects

Neyveli Lignite Corporation (NLC) plans to invest Rs 40,200 crore to build power plants in Tamil Nadu, Rajasthan and Uttar Pradesh.

NLC has plans to install 7,500 mw of power generation capacity, including a 4,000 mw plant in Tamil Nadu and a 2000 mw plant in Uttar Pradesh. The coastal Sirkali Thermal Power Project in Nagapattinam district of Tamil Nadu has already got in-principle approval from the company board.

The project would be implemented in two phases of 2,000 mw each, at an estimated cost of Rs 20,000 crore, using coal as the main fuel.