Dilip Buildcon and VPR get mining contract for Pachawara Central Coal Block

first_imgDilip Buildcon Ltd (DBL) in consortium with VPR Mining Infrastructure Private Limited has been awarded the contract of Mine Developer cum Operator (MDO) for the development and operation of Pachhwara Central Coal Block located at Rajmahal Coalfield, District Pakur, Jharkhand for Punjab State Power Corporation Ltd (PSPCL).As per the terms of contract DBL Pachhwara Coal Mines Private Ltd (a Special Purpose Vehicle- SPV) was incorporated by DBL having shareholding of 74% and VPR having shareholding of 26% for execution of the project. The contract is valid for 55 years and is valued at INR 32,156.04 Crores.The Punjab State Power Corporation is the power generation and distribution company in the state of Punjab and is fully owned by the Government of Punjab. PSPCL owns three thermal power plants in the state of Punjab – Guru Nanak Dev Thermal Plant (Bathinda), Guru Gobind Singh Super Thermal Plant (Ropar) and Guru Hargobind Thermal Plant (Lehra Mohabbat) with installed capacities of 460 MW, 1,260 MW and 920 MW respectively. The Pachhwara Coal Block has a balance reserve of 382 Mt to be excavated for 55 years at a peak rated capacity of 7 Mt/y.last_img

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