Under blaze from the coal ministry for slow down in evolving its confined coal mines, state-run cohort utility NTPC has expressed that it will commence production from its Pakri Barwadhi mine in Jharkhand from the coming next year, company chairman Arup Roy Choudhury stated on Friday.
Further Roy Choudhury also expressed that NTPC will not withdraw from its hydel venture in the stir of the government fragmenting its Lohari Nag Pala project in Uttarakhand on environmental issues.
He also added that they will move ahead with their hydel plan only they will select their projects more cautiously in future. NTPC had by now made an expenditure of some Rs 2,600 crore on the project and the government stated that the company shall be compensated for that.
Illuminating the reason for impediment in developing the coal mine, Roy Choudhury expressed that they were allotted eight coal blocks at the conclusion of the year 2004 and starting of the year 2007 but as per international standards, growth of coal mines takes approx seven to eight years.
The coal ministry presently put many firms on notice for sitting on mines that means for captive utilization and warned to terminate the allocation if they keep on further delaying their development. NTPC thinks to invest approx Rs 1,800 crore to fetch the mine into production stage.
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