NLC India to invest in Rs430 bn power, mining projects
POWER & RENEWABLE ENERGY

NLC India to invest in Rs430 bn power, mining projects

Tamil Nadu based NLC India, a Navratna company under the Ministry of Coal is planning to roll out numerous power and mining projects worth Rs 430 billion in value. The new projects are expected to add 3,920 Mw of power, including 1,000 Mw solar power, and 11.50 million tonnes per annum (MTPA) of mining capacity to the company.

On July 3, 2020, the company had signed a joint venture agreement with Coal India (CIL) to set up 5,000 Mw of solar and thermal assets across the country. The ratio of equity participation between the two central public sector undertakings as mentioned by NLC India is 50:50. The proposed projects under formulation include a 3X800 Mw power project in Odisha, a 2X800 Mw thermal power plant, 2X660 Mw Thermal power station-II expansion in Neyveli, 1,000 Mw solar power project, and an 11.50 MTPA mining project in Neyveli, according to the company’s annual report. These projects are expected to commence operations between 2023 and 2027.

In September 2019, NLC India completed 709 Mw solar power projects in Tamil Nadu. This milestone increased the solar power generation capacity to 1350 MW making the company the first central public sector enterprise (CPSE) in the country to achieve solar power generation capacity of more than 1 Gw.

According to the company’s annual report, the company added a total of 1,209 Mw during 2019-20 and 17.5 Mw (solar) till June 30, 2020, and retired 400 Mw to its installed capacity. With this addition and retirement, the total installed capacity is now 4661.06 Mw. 

Out of 20 Mw solar power project in Andaman & Nicobar Island, 2.5 Mw was commissioned in December 2018 and the remaining 17.5 Mw on June 30, 2020. The commissioning of the balance 17.5 was delayed by three and a half months because of the disruption caused by COVID 19 and lockdown.

Without stating a reason, the firm has decided to put certain mining and power projects on hold for now. These include 500 Mw Thermal power projects in Rajasthan and 4.15 MTPA mining project in Rajasthan and 4 MTPA mining project in Tamil Nadu. 

But, taking into account the power projects under implementation and also the envisaged acquisition of power assets, NCL India is anticipated to grow to 21 GW power generating company by the year 2025 including Subsidiaries.

Tamil Nadu based NLC India, a Navratna company under the Ministry of Coal is planning to roll out numerous power and mining projects worth Rs 430 billion in value. The new projects are expected to add 3,920 Mw of power, including 1,000 Mw solar power, and 11.50 million tonnes per annum (MTPA) of mining capacity to the company.On July 3, 2020, the company had signed a joint venture agreement with Coal India (CIL) to set up 5,000 Mw of solar and thermal assets across the country. The ratio of equity participation between the two central public sector undertakings as mentioned by NLC India is 50:50. The proposed projects under formulation include a 3X800 Mw power project in Odisha, a 2X800 Mw thermal power plant, 2X660 Mw Thermal power station-II expansion in Neyveli, 1,000 Mw solar power project, and an 11.50 MTPA mining project in Neyveli, according to the company’s annual report. These projects are expected to commence operations between 2023 and 2027.In September 2019, NLC India completed 709 Mw solar power projects in Tamil Nadu. This milestone increased the solar power generation capacity to 1350 MW making the company the first central public sector enterprise (CPSE) in the country to achieve solar power generation capacity of more than 1 Gw.According to the company’s annual report, the company added a total of 1,209 Mw during 2019-20 and 17.5 Mw (solar) till June 30, 2020, and retired 400 Mw to its installed capacity. With this addition and retirement, the total installed capacity is now 4661.06 Mw. Out of 20 Mw solar power project in Andaman & Nicobar Island, 2.5 Mw was commissioned in December 2018 and the remaining 17.5 Mw on June 30, 2020. The commissioning of the balance 17.5 was delayed by three and a half months because of the disruption caused by COVID 19 and lockdown.Without stating a reason, the firm has decided to put certain mining and power projects on hold for now. These include 500 Mw Thermal power projects in Rajasthan and 4.15 MTPA mining project in Rajasthan and 4 MTPA mining project in Tamil Nadu. But, taking into account the power projects under implementation and also the envisaged acquisition of power assets, NCL India is anticipated to grow to 21 GW power generating company by the year 2025 including Subsidiaries.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000