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NTPC and NALCO to form JV for power generation

Published by
World Coal,

NTPC Ltd and National Aluminium Co. Ltd (NALCO) signed an memorandum of understanding (MoU) in New Delhi to form a joint veture (JV) to establish a 2400 MW (3 x 800 MW) coal-fired power project 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.

The MoU was signed by Shri B.K. Thakur Director (HR), NALCO and Shri K. Biswal Director (Finance), NTPC.

It was signed in the presence of Shri Piyush Goyal, Minister Of State (I/C) Power, Coal, NRE and Mines, Shri Dharmendra Pradhan, Minister Of State (I/C) Petroleum And Natural Gas, Shri Tathagata Satpathy, Lok Sabha MP from Dhenkanal, Shri Prafulla Kumar Malik, Minister of Labour, Employees State Insurance Steel and Mines, Govt. of Odisha, Shri Gurdeep Singh, CMD,NTPC ,Dr. T. K. Chand, CMD, NALCO, Shri K.K. Sharma, Director (O) NTPC and other dignitaries.

Speaking on the occasion, Shri Piyush Goyal said in coming days the demand for aluminum shall increase many folds in the rapidly growing Indian economy the projects led by swadeshi companies shall take forward the Make in India initiative bringing jobs and opportunities for the people of Odisha. He appreciated the turnaround capability of NTPC by running the nearly 50 year old Talcher thermal power plant at more than 90% PLF. Shri Goyal said environmentally-friendly power generation is a priority with the government.

Shri Dharmendra Pradhan in his address 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 ideal tie up two respected companies and advocated setting up of more industries bringing state of the art technologies to Odisha.

Shri Tathagata Satpathy, Lok Sabha MP from Dhenkanal and Shri Prafulla Kumar Malik, Minister of Labour, Employees State Insurance Steel and Mines, Govt. of Odisha extended full support to the project on the occasion.

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