NALCO and NTPC Signs MoU to set Power Plant in Odisha

NALCO and NTPC Signs MoU to set Power Plant in Odisha Central PSUs, National Aluminium Company Limited (Nalco) and NTPC Limited signed a MoU in New Delhi on December 16, 2017, to set up a 2400 MW (8×300 MW) power plant at Gajmara in Dhenkanal district, Odisha.The pact was inked in the presence of Oil Minister Dharmendra Pradhan and Power Minister Piyush Goyal.The

estimated investment in all these projects will be approximately Rs 36,000 crores. The coal based power project would fulfill the power requirement of NALCO for the brownfield expansion of its 5 lakh tonne aluminium smelter at Angul at an investment of Rs 10,000 crore and development of a greenfield-smelter of 6 lakh tonne at Kamakhyanagar in Dhenkanal, Odisha costing Rs 12,000 crore.

v. The less-developed region of Odisha would experience industrial growth after establishment of this power plant.

NTPC

♦ NTPC Limited is an Indian PSU Public Sector Undertaking, a Maharatna Company, engaged in the business of generation of electricity and allied activities.

♦ Founded: 1975

♦ Headquarters: New Delhi, India

♦ CEO: Gurdeep Singh

NALCO

National Aluminium Company Limited, abbreviated as NALCO, is a mining company having units in Odisha at places like Angul and Damanjodi. It was incorporated as a public sector enterprise of the Ministry of Mines, Government of India in 1981.