Mahanadi Coalfields Limited (MCL) will invest Rs 40,000 crore to set up a 4,000 MW thermal power plant, ET reported. The project will be developed in association with Coal India and the Energy Department of Odisha.
The company is also planning to establish a high ash coal to ammonium nitrate plant with an annual capacity of 6,00,000 metric tonnes. The investment outlay for this project is Rs 11,782.05 crore. The plant will be set up in partnership with BCGCL and the Industries Department of Odisha.
In the renewable energy segment, MCL has lined up three major projects. These include a 2,000 MW ground-mounted and floating solar power plant with a projected investment of Rs 12,000 crore. A 500 MW pumped storage power plant is proposed at an investment of Rs 5,000 crore. Additionally, a 100 MW wind power plant is expected to be developed at a cost of Rs 900 crore.
