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NPTC-NALCO plant

The Minister of State for Power, Coal, New and Renewable Energy and Mines (Independent Charge), Shri Piyush Goyal addressing at the signing ceremony of an MoU between NALCO & NTPC to set up a joint venture company for starting power projects at Gajamara, Odisha with capacity of 2400MW, in New Delhi on December 16, 2016. — *Goyal addressing at the signing ceremony of an MoU for NALCO & NTPC plant in New Delhi on Dec 16, 2016.*

NTPC Limited and National Aluminium Company Limited (NALCO) has signed a Memorandum of Understanding (MoU) to jointly set up a coal-based 2,400-MW plant at Gajmara, Dhenkanal, Odisha.

The generated power will be taken by the NALCO for the brownfield expansion of its 5 lakh tonne Aluminium smelter at Angul and the Greenfield project of a 6 lakh tonne smelter at Kamakhya Nagar, Odisha.

The estimated investments in all these projects will be approximately Rs.36,000 crores.

NTPC would be able to provide uninterrupted power supply to NALCO’s plants through this project, said Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, on Dec 16, 2016.

On the other hand, NALCO would be able to produce Aluminium in the country, which previously was not possible due to high power prices, he added.

“We have brought back Aluminium smelter plant to the people of Odisha, which was going to be established outside the country due to lack of cheap power in the country a couple of years back. This would not only give a boost employment generation in the region but also give a fillip to economy of the country as a whole”, Goyal said. fii-news.com