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The whole fairness funding authorized by the CCEA for each the facility vegetation is ₹5,607 crore and the cumulative undertaking price is ₹21,547 crore.
The approval has been accorded for South Jap Coalfields (SECL) for setting-up a 660 MW TPP by JV of coal miner and Madhya Pradesh Energy Era Firm (MPPGCL).
The second undertaking is by Mahanadi Coalfields (MCL) for setting-up a 1,600 MW TPP by Mahanadi Basin Powe (MBPL), a subsidiary of MCL).
“Fairness Capital of ₹.823 crore (round 20 per cent) by SECL contemplating a Debt-Fairness Ratio of 70:30 and 49 per cent Fairness Funding in JV Firm with an estimated Undertaking Capex of ₹ 5,600 crore (accuracy of round 20 per cent) for the proposed 660 MW Supercritical TPP by JV of SECL and MPPGCL at Amarkantak Thermal Energy Station in Village Chachai, Anuppur District, Madhya Pradesh,” an official assertion stated.
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Fairness Capital of ₹4,784 crore (round 20 per cent) by MCL for the proposed 1,500 MW Tremendous-Essential TPP in Sundargarh District, Odisha with an estimated Undertaking Capex of ₹15,947 crore (accuracy of round 20 per cent) by MBPL, it added. The CCEA additionally gave approval to MBPL, an SPV of MCL to arrange the 1,600 MW Tremendous-Essential TPP.
“Fairness Funding by CIL past 30 per cent of its web price within the JV of SECL-MPPGCL (₹.823 Crore round 20 per cent), and in MBPL, a 100 per cent wholly owned subsidiary of MCL (₹4,784 Crore round 20 per cent),” the assertion stated.
The fairness funding will come from the subsidiaries however since CIL is the holding firm due to this fact for accounting functions CILs fairness funding proposal is included, an official supply defined.
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