Thursday, March 20, 2008

Coal India To Invest Rs 1,500 Cr To Set Up Washeries

Kolkata: To ensure supply of washed coal to customers, state-owned Coal India would make a capital expenditure of Rs 1,500 crore to set up 28 washeries in its subsidiaries in the 11th Plan.

"CIL has decided to set up 28 washeries in the first phase which together will have a capacity of 97 million tonne. It would require an investment of Rs 1,500 crore," company chairman Partha S. Bhattacharyya told reporters here.

The washeries, to be owned by CIL, would be built and maintained by companies for a charge, he said.

CIL has already sent bid documents to subsidiaries which were in the process of identifying locations for setting up the washeries.

Tenders inviting bids for setting up washieries would be floated in 6 to 8 months time and contracts, which would be for 10-years, would be awarded within 2008-09.

All the 28 washeries would come up within the 11th Plan, he said.

Tender for setting up washeries in the second phase would be floated during 2009-10.

The CIL chairman said that rejects in the washeries would be used for setting up pit-head power plants which would be smaller in size.

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