Solar Power For Coal India Limited

India's Leading Coal Mining Company Signs Agreement With SECI For 200 MW Capacity In The State Of Madhya Pradesh
06:14 PM (Beijing Time) - 30. June 2016

Key Takeaways

  • Coal India Limited informed in a stock exchange filing that it had signed an agreement with the Solar Energy
  • Corporation of India (SECI)
    100 MW solar capacity will be used for Northern Coalfields Limited
  • 100 MW solar power to be used by South Eastern Coalfields Limited

India’s largest state-controlled coal mining company, Coal India Limited (CIL) has signed two agreements with the Solar Energy Corporation of India (SECI). In a Bombay Stock Exchange (BSE) filing, it informed that on June 28, 2016, the two signed agreements to implement 200 MW of solar power project in the state of Madhya Pradesh.

This capacity will be divided into two projects of 100 MW each for two subsidiaries of CIL, namely Northern Coalfields Limited (NCL) and South Eastern Coalfields Limited (SECL). The total cost of these two projects is stated as 6.5 billion INR ($96 million).

In December 2014, CIL had assigned SECI to set up solar power plants of 1,000 MW capacity in various parts of the country in a phased manner.

Anu Bhambhani

Anu Bhambhani is the News Editor of TaiyangNews

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Anu Bhambhani