Neyveli Lignite Corporation (NLC) would acquire coal mines abroad to fuel its power sector expansion plans in the country. In this regard, the company has got request for partnership from miners in Asia and Africa. The company wants to work in a JV with the overseas partners to source coal to India, according to B Surender Mohan, Chairman and Managing director, NLC.
As the lignite is low in calorific value, the company is on the look out for high quality coal for power plants. NLC targets to achieve a four-fold jump in power generation at 11,200-MW by the end of 13th Five Year Plan from sources including coal, lignite, wind and solar. By the end of fiscal 2014-15, it would add 1,500-MW capacity to its existing 2,700-MW, which is mainly lignite-powered.
It plans to raise the lignite output to 38-39 mt from the current 30 mt. It is establishing a 600-Mw coal-fired power unit in Uttar Pradesh for which it had acquired 60 per cent land and was awaiting the Forests and Environment approval for the plant's coal block there.