Going by the "TATAs sucking the blood" thread, I believe this is a very sad news. Now NTPC joins in the same bandwagon. How do we stop this? and who is allowing this to happen?
Sorry for being so Naive but I am puzzled. On Jan 22, 2008 12:20 PM, Jharkhand News <[EMAIL PROTECTED]> wrote: > *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 >
