CICL seeks developer for Tara coal block
1,320-mw supercritical thermal
power plant in Surguja
CMDC ICPL Coal Ltd (CICL), a 51:49 joint venture company between Chhattisgarh Mineral Development Corporation and Iffco Chhattisgarh Power Ltd, is in the
process of selecting a mine developer-cum-operator through international
competitive bidding process to mine coal from Tara coal block in Surguja
district of the state.
Notably, Iffco Chhattisgarh Power Ltd itself is a joint venture between
state-run Indian Farmers Fertiliser Cooperative Ltd (74 per cent) and
Chhattisgarh State Electricity Board (26 per cent).
The coal block, which has been allotted to CMDC, will supply coal to an upcoming
power plant. ICPL is setting up a 1,320-mw (2x660 mw) supercritical thermal
power plant near the Tara coal block. Speaking to Projectmonitor by phone from
Chhattisgarh, R.C. Lalwani, Deputy General Manager, ICPL, said that the power
project entailed an investment of Rs 6,660 crore. The project was scheduled for
commissioning in 2009-2010 and would achieve full capacity in phases by
2011-2012, he explained.
Lalwani confirmed that ICPL had floated a global tender for selection of a mine
developer-cum-operator to design, engineer, develop, operate, maintain the mine
and supply coal to ICPL's power project besides complying with the applicable
laws and regulations relating to the mining activity. It is learnt that coal
from Tara block would be transported to the plant through a conveyor. The power
plant will employ modern technology to ensure least water consumption and zero
The official also mentioned that since the project was included in the ongoing
11th Plan period, it was being closely monitored by the Inter Institutional
Group (IIG) formed in 2004 by the ministry of power to facilitate the financial
closure of private sector projects. Hence, the project is on fast track with
request for prequalification floated for the placement of EPC contracts for site
development package, main plant (SG&TG) packages, civil works and other tasks.
ICPL has signed the power purchase agreement with CSEB for 90 per cent off-take
of power, Lalwani said. Chhattisgarh is currently a power surplus state.
[July 28-August 3, 2008]