Central Coalfields Ltd (CCL), a subsidiary of the state-owned Coal India Ltd (CIL), is considering a strategic joint venture (JV) with the Jharkhand government for the second phase of expansion of the Tenughat Thermal Power Station (TTPS) in the state. The thermal station, nestled in the Bokaro district, currently incorporates a total installed capacity of 420 MW, featuring two units, each with a capacity of 210 MW.
Established as a Category-I Mini-Ratna Company in October 2007, Central Coalfields Limited (CCL) has etched its place in the coal sector’s landscape. The company achieved a milestone in the fiscal year 2009-10, attaining its highest-ever coal production figure of 47.08 million tonnes. Notably, the net worth of the company surged to Rs. 2644 crore during this period, an impressive feat when juxtaposed against a paid-up capital of Rs. 940 crore.
The genesis of CCL traces back to November 1, 1975, when it emerged as a crucial player in the coal industry. Initially known as the National Coal Development Corporation Ltd, CCL was among the pioneering five subsidiaries of Coal India Ltd, which served as the nation’s first holding company for coal. Over the years, CIL has expanded its footprint, currently boasting eight subsidiaries in its portfolio.
The inaugural chapter of TTPS’ journey unfolded in September 1996 when the first 210 MW unit commenced commercial operations. A year later, in September 1997, the second unit joined the power generation fleet.
Tenughat Vidyut Nigam Limited (TVNL), an entity associated with the power station, envisions a formidable stride forward with the initiation of the second phase – an extension project (Stage II) that proposes the establishment of 2X660 MW coal-fired supercritical units.
Official sources revealed that CCL, the subsidiary of CIL, is keen on solidifying a partnership with the power plant for this ambitious expansion. The proposed joint venture aims to leverage the strengths of both entities – with the state government contributing land and other essential resources while CCL ensures a seamless supply of coal, a crucial component for power generation.
In a recent interaction between CCL officials and the Jharkhand government, the prospect of this collaborative effort was discussed. The key highlight of the proposal is CCL’s intention to become a joint venture partner, underlining their commitment to facilitating the expansion and development of the Tenughat Thermal Power Station.
The envisaged joint venture partnership would be structured through the establishment of two panels. These panels would play a pivotal role in working out the modalities of the collaboration, determining the percentage of participation from both parties in the joint venture.
In the fiscal year gone by, CCL demonstrated its robust operational capabilities by producing an impressive 76.09 million tonnes of coal. This fiscal year, the company has set an ambitious production target of 84 million tonnes, signaling a commitment to meet the growing energy demands of the nation.
The proposed joint venture for the expansion of Tenughat Thermal Power Station aligns seamlessly with CCL’s strategic objectives of contributing to the nation’s energy infrastructure and ensuring a steady supply of coal for power generation.
