June 22, 2018 Read More →

India’s NTPC cancels plans for massive coal plant

The Hindu:

In a big blow to the development of North Andhra, four mega projects sanctioned for Visakhapatnam including the 4×1000 MW ultra-modern power project by the NTPC at Pudimadaka have been shelved due to various reasons.

Touted as the largest single investment after formation of Sunrise Andhra Pradesh, the NTPC project was dropped on the directive from the Centre to set up the unit at 26,828 crore by using domestic coal instead of imported coal as envisaged originally.

“Redesigning the project after acquiring 1,200 acres from the APIIC was found unviable…we have decided not to go ahead with the project,” an NTPC official told The Hindu. The decision is yet to be announced officially though the NTPC withdrew the officials it had posted for the project at the temporary office opened at the Visakhapatnam Special Economic Zone, Atchutapuram.

Another setback was the shelving of the LNG terminal at the Gangavaram Port by the Petronet LNG Ltd, a company floated by several profit-making oil companies. The public hearing for the project envisaged with a two-phase 10-million tonne capacity and an investment of 9,000 crore was held in 2013.

More: Four mega projects shelved in the state

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