The coal ministry has approved a mining plan for associated captive coal blocks of Reliance Power’s Tilaiya ultra mega power project (UMPP) in Jharkhand. This is the third UMPP bagged by the private developer. The government has so far allocated four UMPPs.
Significantly, Reliance Power has recently signed an MoU with the US Exim Bank for financial assistance of up to $ 5 billion for funding the purchase of mining equipment from US companies. The developer has also secured a $917-million loan from the US Exim Bank for financing mining equipment for the Sasan UMPP.