New Delhi: Power firm NTPC on Sunday said it is
developing coal mines allotted to it for captive use and added
that it takes 6-7 years to harness a mine even by international standards.
NTPC's statement comes amid reports the Ministry of Coal
has written to the Power Ministry, threatening to de-allocate
the coal blocks allotted to NTPC citing reasons such as delay
in developing those mines.
"No, we are developing all the five mines allotted to
us," NTPC Chairman and Managing Director R S Sharma told
reporters here, adding that it takes about six to seven years
to develop a coal mine, as per international benchmark.
"We were awarded the first mine in 2005 and work is on in
all the coal blocks allotted to us," Sharma added.
The country's largest thermal power generator, NTPC, was
awarded five coal mines — Pakri-Barwadih, Chatti-Bariatu,
Kerandari (Jharkhand), Dulanga, Talaipalli (Orissa) with a
mining potential of 48 million tonnes per annum (MTPA).
The company is also developing two coal blocks — Brahmini
and Chichropatsimal (Orissa) in a 50:50 joint venture with
Coal India Ltd.
NTPC has a dry fuel requirement of 150 million tonnes
during the current fiscal, of which it would import 12.5 MT.
The company is looking at acquiring coal properties
abroad in order to bridge the shortfall from domestic
First Published: Sunday, November 15, 2009, 18:41