NTPC mulls exit from Sri Lanka venture

The Cabinet Committee on Investment (CCI) on Wednesday decided against relocating power producer NTPC’s proposed 1,980-MW super-critical thermal project at North Karanpura coalfields in Jharkhand. The CCI rejected the coal ministry’s contention that allowing NTPC to proceed with its power project at Tandwa in Jharkhand’s Chatra district would render over 6 billion tonnes of coal reserves sterile. It also directed restoration of the coal linkage for the project.