NLC India to invest Rs 17k cr in developing Talabira, to plant 2.6 mn trees

State-owned NLC India Limited said on Sunday it is planning to invest more than Rs 17,000 crore for its thermal power projects and has embarked upon afforestation programme inside and outside the coal mining area in Odisha.

The Navratna company will produce 20 million tonne of coal per annum from Talabira II and III coal blocks to fuel its 4,200 MW of thermal power projects, an official of the company said.

The company is working closely with the Odisha forest department to make it a model mine by planting more trees than the mandated, under relevant policies, an NLC India official said.

The public sector undertaking has already deposited Rs 134.36 crore to Odisha Compensatory Afforestation Fund Management and Planning Authority (CAMPA) account.

CAMPA fund is for compensatory afforestation and its maintenance for 10 years, catchment area treatment plan, wild life management plans and gap plantation.

"Our drive to plant and protect 25,86,700 trees inside and outside the mining lease area of Talabira II & III is higher than what is prescribed by the relevant regulations for protecting and nurturing the environment," an NLC statement said.

"Local plants such as sirisa, barakoli, ambada, mango, jackfruits and bamboo will be cultivated to develop vibrancy in the ecology," the statement said.

The per capita electricity consumption in India is estimated at around 1100 units a year, which is much lower than the comparable nations, the statement said.

NLC India's integrated project with huge green cover will ensure uninterrupted electricity to lakhs of households and commercial establishments through NLC's 3,200 MW Talabira Thermal Power Project in Odisha and NLC Tamil Nadu Power Limited's 1,000 MW project in Tuticorin district, it added.

This will attract thousands of direct and indirect job opportunities and the recruitments are already on, the official said.

NLC India will undertake compensatory afforestation. It will plant 13,27,702 saplings across 2089 hectare land in Sambalpur, Sonepur and Bolangir districts.

It will also plant nearly 12,41,000 trees inside the mining lease area. In addition, 18,400 saplings will be planted in the safety zone area and outer periphery of the mine.

Recently, NLC India had announced compensation for the project affected families with higher land prices, pakka houses in townships with supporting modern infrastructure besides monthly disbursements in lieu of employment for the youth to enable them to pursue vocations / professions of their choices.

The company also promised to support local communities through institutional support for capacity building.

As a gesture of gratitude towards the iconic freedom fighter Veer Surendra Sai, it will develop his birthplace as a tourist destination at Khinda involving Odisha Tourism Department, Sambalpur, he said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel