*NTPC may invest Rs 1,700 cr in Jharkhand coal mine* Tuesday , January 22, 2008 at 2342 hrs
*State*-run NTPC, whose plan to commission its Pakri Barwadih coal mining project by March 2008 has gone haywire due to delays in the completion of necessary formalities by the Jharkhand government, plans to invest Rs 1,729 cr for development of the mine. NTPC is weighing two options for development of the project. Whereas the first option involves no outsourcing of infrastructural work and productivity norms based on Indian standards, the second option involves outsourcing of equipment via a mine development operator and productivity based on international norms. According to sources, the Pakri Barwadih site has geological reserves of 707 million tonne of which 594 million tonne are proven reserves. The Rs 1,729-crore project would be financed through a debt equity ratio of 70:30 wherein the company plans to meet the debt requirement through domestic commercial borrowings and bonds and the equity would be funded via internal sources. The grade of coal at the new project is 'F' and it is expected that its delivered cost will total to a sum of Rs 762 per tonne. In case, if the coal is upgraded to grade 'E' the cost would add up to a sum of Rs 922 per tonne. Supplies from Pakri Barwadih would be used for emergency situations for NTPC's projects in the northern, eastern and the National Capital Region. financialexpress.com/news/NTPC-may-invest-Rs-1-700-cr-in-Jharkhand-coal-mine/264434/# -- Jharkhand News [EMAIL PROTECTED] Jharkhand Online Network http://www.jharkhand.org.uk [Non-text portions of this message have been removed]
