Coal India Ltd signs MoU with DVC to set up 2 X 800 MW power plant in Jharkhand
A non-binding Memorandum of Understanding (MoU) was signed between the two state-owned energy entities on 21 April 2025 in Kolkata.
New Delhi: India’s Largest coal-producing PSU, Coal India Limited (CIL) has formally partnered with Damodar Valley Corporation (DVC) to establish a coal-fired 2×800 MW Ultra Supercritical Power Plant in Jharkhand, expanding its business diversification portfolio into thermal power generation.
DVC is the power generator that operates in the states of West Bengal and Jharkhand. This would be a Brownfield project - an expansion of existing Chandrapura Thermal Power Station (CTPS) of 2 X 250 MW capacity. A non-binding Memorandum of Understanding (MoU) was signed between the two state-owned energy entities on 21 April 2025 in Kolkata.
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The Agreement was signed in the presence of Mr. P M Prasad, Chairman, CIL and Mr. S Suresh Kumar, (IAS) Chairman, DVC, along with Mr. Debasish Nanda, Director (Business Development) CIL and Mr. Swapnendu Kumar Panda, Member (Technical) DVC on behalf of the respective companies. The total investment would be to the tune of Rs. 16,500 Crores.
The joint venture company would be on 50% equity sharing basis. Coal for the proposed power plants would be sourced from coalfields in the proximity from CIL’s subsidiary companies Bharat Coking Coal Limited and Central Coalfields Limited.
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