COAL & MINES

NLC India lines up power, mining projects worth over Rs 43,000 crore

NLC India Ltd, a Navratna company under the Ministry of Coal, is planning to invest over Rs 43,000 crore in various power and mining projects. The new projects will add 3,920 megawatts (MW) of power, including 1,000 MW of solar, and 11.50 MTPA of mining capacity to the company.

In 2019-20, the Company added 1209 MW and 17.5 MW on June 30, 2020 and retired 400 MW to its installed capacity. With this addition and retirement, the total installed capacity has become 4661.06 MW.

The proposed new projects include a 3X800 MW power plant at Odhisha, a 2X800 MW plant thermal power plant, 2X660 MW plant at Neyveli, 1000 MW solar power project, and an 11.50 MTPA mining project at Neyveli, according to the company’s annual report.

It may be noted, the company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects.

Source
business standard
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