NLC, Nalco to Build 1,080 MW Power Plant in 50:50 JV
NLC India and Nalco will set up a 1,080 MW captive power plant in Odisha through a 50:50 joint venture.
The plant will have four units of 270 MW each at Anugola. The joint venture agreement was signed on July 8 in the presence of minister G. Kishan Reddy.
A 25-year power purchase agreement is planned. The boards of both companies approved the plan on September 29.
The Department of Investment and Public Asset Management gave its nod through a September 8 letter.
The plant will supply power to Nalco’s operations. The project is part of India’s push for industrial power security.
Construction timelines will be announced later.
The 1,080 MW plant will have four units of 270 MW each. The joint venture agreement was signed on July 8. A 25-year power purchase agreement is planned. The project will supply Nalco’s smelter operations. Both boards cleared the plan on September 29.
Khabar 24h Editorial Desk — our explainers are prepared by the Khabar 24h editorial team using AI-assisted research tools, and every piece is reviewed by a human editor before publishing. We do not claim original reporting: our work is turning complex topics into simple, accurate summaries. Spotted an error? Write to contact@khabar24h.com — our corrections policy aims for same-day review.
More from this author →
Leave a Reply