OCPL is a state-run company constituted in 2015. The sheer speed with which it came into being bespeaks volumes of its professional approach. Let us have a brief look at its history.
The Odisha Coal and Power Limited (OCPL) gets incorporated as a wholly owned subsidiary company of OPGC Ltd (Odisha Power Generation Corporation Limited) on 20th January, 2015 with the main objective of mining and supply of coal. Within a fortnight OCPL becomes a Joint Venture Company when Odisha Hydro Power Company Ltd buys 49% of the shares – all pursuant to the Government of Odisha Notification No. 1088 dated 4th February, 2015 and No. 1160 dated 6th February, 2015.
OCPL files application for allotment of Manoharpur and Dip-side Manoharpur Coal Block under the provisions of The Coal Mines (Special Provisions) Second Ordinance, 2014 and is declared as the successful allottee of the said coal blocks on 24th March, 2015. Manoharpur coal block is an explored coal block with a total reserve of 181MT and Dip-side Manoharpur coal block is a regionally explored block with a total reserve of 350 MT.
Nearly a week later, on 30th March to be precise, it signs the Allotment Agreement with the Nominated Authority, Ministry of Coal (MoC),
Allotment Order of Manoharpur & Dip-side Manoharpur coal blocks is issued on 31st Aug 2015 to OCPL by the Nominated Authority for supply of coal exclusively for OPGC expansion Power Project (Unit 3, 4, 5, & 6), 4 units of 660 MW each at Ib-Thermal Power Station, Banaharpali, Jharsuguda, Odisha.
Here are a few critical milestones achieved with the state-of-the art finesse:
Manoharpur coal block:
• Mine Plan (Revision-I) and Mine Closure Plan approved.
• Mining lease has been executed.
• Financial Closure achieved.
• Coal Handling Plant construction activities commenced.
Dip-side of Manoharpur coal block:
• PL deed for Dip-side Manoharpur coal block has already been executed with the State Government. Exploratory core drilling completed and GR prepared.
• Application for Mining Lease filed.
A small acorn which has just germinated in the land of Lord Jagannath in the year of Naba Kalebar; we are confident a mighty oak will grow out of it.