NTPC, NALCO ink MoU for power generation

A 2400 MW coal based power project will be set up at Dhenkanal in Odisha and supply captive power for expansion plans of NALCO at Angul

GN Bureau | December 20, 2016


#PSU   #power generation  



NTPC Limited and National Aluminium Company Limited (NALCO) have signed a Memorandum of Understanding (MoU) for power generation. A 2400 MW coal based power project will be established at Gajmara, Dhenkanal in Odisha and supply captive power for expansion plans of NALCO at Angul and also greenfield project at Kamakhyanagar in Dhenkanal, Odisha.

Power minister Piyush Goyal said that in coming days the demand for aluminium shall increase many folds in the rapidly growing Indian economy and the projects led by companies shall take forward the Make in India initiative bringing jobs and opportunities for the people of Odisha.

He lauded the turnaround capability of NTPC by running nearly 50-year-old Talcher Thermal Power Station.

Minister of state Dharmendra Pradhan said that mineral rich state of Odisha is now getting its due with many new industries being set up in the state. He said this JV of NALCO and NTPC is an ideal tie up of two companies and advocated setting up of more industries bringing state of the art technologies to Odisha.

The two leading central public sector companies are synergising their respective domain expertise to fuel the economic growth of India. The joint venture agreement and power purchase agreement shall be fast tracked and be in place by the end of the current financial year, a press release said.
 

Comments

 

Other News

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter