GMDC has put on hold its plans to set up indigenous coal-based thermal power plants with an estimated investment of Rs 20,000 crore to generate 4,000 MW.
Uncertainties over the coal blocks allocated to the state PSU appears to be a key reason for the decision.
Five years ago, the Ministry of Coal had allocated the Morga coal block in Chhattisgarh and the Naini block near Angul in Odisha to GMDC, which prompted it to put in place pit-head power generation plans.