Mahanadi Coalfields Ltd (MCL), an arm of Coal India Ltd (CIL), plans to set up a 1,600-Mw power plant in Orissa with an investment of Rs 9,000 crore. The pithead plant would be fed by the company’s stranded coal asset near the Ib valley in Jharsuguda, Vasundhara, said a person close to the development. MCL will develop the coal block on its own.