Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have signed a joint venture agreement (JVA) for a 1600 MW coal-fired thermal power project. The ₹21,000 crore project will be located at DVC’s Chandrapura TPS in Jharkhand. The joint venture will explore renewable energy projects and aims to commence operations by FY 2031-32.
Partnership for Thermal Power Expansion
Coal India Limited (CIL) and Damodar Valley Corporation (DVC) have formalized a strategic joint venture agreement (JVA) on November 7, 2025. This collaboration aims to expand thermal power generation through a brownfield project.
Project Details
The project involves a 1600 MW capacity Thermal Power Project utilizing ultra supercritical units, each with a capacity of 800 MW. Coal for the project will be supplied by Central Coalfields Limited, a subsidiary of CIL located in Jharkhand.
Financial Commitment and Timeline
The estimated project cost is approximately ₹21,000 crore. The investment will be shared on a 50:50 equity basis between CIL and DVC. The target for commencing commercial operations is set for FY 2031-32.
Strategic Benefits
This joint venture will enhance the country’s baseload generation capacity, leveraging existing infrastructure at the Chandrapura site. The project intends to meet national and regional power demand significantly, ensuring resource utilization and faster implementation.
Management Insight
A senior executive of CIL stated that this project will meet national and regional power demand significantly. The location in a coalfield area will ensure that the variable cost of power is competitive.
Key Participants
The JVA signing included the presence of key figures such as Mr. S. Suresh Kumar (IAS), Chairman of DVC, and Mr. Sanoj Kumar Jha (IAS), Chairman of CIL.
Source: BSE
