The Cabinet Committee on Economic Affairs (CCEA) has approved Neyveli Lignite Corporation's (NLC) proposal to set up a 1,980 megawatt (MW) thermal power plant in Uttar Pradesh (UP), Chairman SK Acharya told CNBC-TV18. Neyveli Uttar Pradesh Power Ltd (NUPPL) -- a joint venture (JV) of NLC and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) -- is going to install Ghatampur Thermal Power Project (GTPC) of 1,980 MW. First unit (Unit I) of this project is scheduled to commission in around 52 months, followed by next two units that is Unit II and Unit III in 58 months and 64 months respectively. The total capital expenditure (capex) could be around Rs 17,000 crore and the equity part of it will be coming from the company's internal accruals.
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