State-owned Coal India Limited (CIL), the country’s major coal producer on Friday signed a strategic joint venture agreement with Damodar Valley Corporation (DVC) to undertake brownfield expansion of 1600 MW capacity thermal power project at the existing site of DVC’s Chandrapura TPS, Jharkhand.

The JV also explores possibilities of jointly undertaking other thermal power and renewable energy projects, the company said.

The upcoming coal fired project will comprise two ultra supercritical units of 800 MW each aggregating to a total installed capacity of 1,600 MW. Coal for these plants would be sourced from CIL’s Jharkhand based subsidiary, Central Coalfields Limited.

The estimated cost of the project is pegged at nearly Rs, 21,000 crore and would be on a 50:50 equity sharing. Project co

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