New Delhi: Coal India Limited (CIL) has signed a memorandum of understanding (MoU) with Damodar Valley Corporation (DVC) to set up a coal-fired 2×800 MW Ultra Supercritical Power Plant in Jharkhand, said the company in a statement on Monday. “Widening further its business diversification portfolio into thermal power generation, Coal India Limited (CIL), the country’s frontline coal producer formally joined hands with Damodar Valley Corporation (DVC) to set up a coal fired 2×800 MW Ultra Supercritical Power Plants in Jharkhand,” it said.
DVC is the power generator that operates in the states of West Bengal and Jharkhand. This would be a brownfield project — an expansion of the existing Chandrapura Thermal Power Station (CTPS), which has a capacity of 2X250 MW.
“A non-binding Memorandum of Understanding (MoU) was signed between the two government owned energy entities on 21 April 2025 in Kolkata. In the presence of Mr. P M Prasad, Chairman, CIL and Mr. S Suresh Kumar, (IAS) Chairman, DVC, the pact was inked by Mr. Debasish Nanda, Director (Business Development) CIL and Mr. Swapnendu Kumar Panda, Member (Technical) DVC on behalf of the respective companies,” said Coal India.
The total investment would be to the tune of Rs 16,500 crore. The joint venture company would be on 50 percent 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. Coal India is venturing into thermal power generation business in order to meet the Central government’s target of adding an installed power generation capacity of around 80 GW by 2030 to meet the country’s increasing power demand. The thermal power plants being set up by Coal India are pithead power plants which are coming up close to its coal mines.
