"We have signed an MoU with the government and under the terms of which we should be getting access to the Ramchandi mine," Ravi Uppal MD & CEO, JSPL told CNBC-TV18 today.
JSPL is setting up a Rs 55,000 crore- CTL plant at Angul. The Delhi-based company has already short listed three companies and the tie-up is most likely to be with a European or an American firm.
JSPL to soon tie-up technology partner for Angul CTL plant
Coal is the key requirement of the project and unless the linkage for this raw material is ensured the company can not go ahead with the project.
"We are now waiting for the prospective licence to be given and once the prospective licence is given to us, we'll take the next steps... but this will take off only when we are fairly sure of the fuel supply which is basically coal," Uppal said.
CTL plant will help the company to produce methanol, petrol and diesel from coal. The plant, which is likely to come up by 2019 is being set up near a Ramchandi coal blocks, which were allotted to JSPL few years back. The CTL plant will have a capacity of 80,000 bbl per day.
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