Nalco to set up Power Plant in Odisha

Targeting generation of 5,000 MW of power by 2020, aluminium major Nalco today proposed to set up a mega thermal power plant in Odisha (Orissa), official sources said.

A proposal from the navratna company came when Nalco's chairman-cum-managing director A K Srivastava met chief minister Naveen Patnaik here.

The company had expressed interest to set up the power plant in collaboration with a state PSU, Energy Minister Atanu S Nayak told PTI adding that the government would take a decision in this regard after an examination.

"We are interested to set up a power plant in Odisha in collaboration with any state-run PSU," Nalco CMD Srivastava told reporters after meeting the chief minister.

Stating that Nalco already have expertise in power generation besides being ready to invest the required fund in the proposed project, Srivastava said the company was presently generating 1200 MW of thermal power from its Captive Power Plant (CPP).

Besides a thermal power generation plant, the company was also preparing to set up a gas based power production station in the state.

The company, the minister said, had also expressed interest to be a partner in OMC-OHPC joint venture company for setting up a plant. Refusing to divulge the amount of the proposed investment, Srivastava said the location for the power plant would be decided later.

"It could either be in Ib valley area in Jharsuguda district or at Talcher where coal mines were located," he said.
Source:ET