State-owned power producer NTPC and aluminium major NALCO have inked a preliminary agreement to supply over 1,200 MW of round-the-clock power for the latter’s expansion of smelter plant capacity in Angul, Odisha. The MoU was signed on Friday in the presence of Dillip Kumar Patel, Director (HR), NTPC, and Jagdish Arora, Director (Project &Technical), NALCO in New Delhi.
According to the statement issued by NTPC, the supply options would include coal-based thermal, solar, wind, energy storage or any combination of the same. The power supply would cater to the requirement of NALCO for its expansion of smelter plant capacity from 0.46 million tonnes per annum (MTPA) to 1 MTPA in Angul and development of a greenfield smelter (0.6 MTPA) at Kamakhyanagar in Dhenkanal.
Benefits of the power supply agreement
Union power minister Piyush Goyal, who attended the MoU-signing ceremony, said that the agreement would boost the economy and employment generation in the region. He also said that NTPC would be able to provide uninterrupted power supply to NALCO’s new ventures through this project. He added that NTPC has approved a proposal to modernize all power plants older than 25 years within next five years by replacing them with energy-efficient supercritical power plants.
Union oil minister Dharmendra Pradhan, who was also present on the occasion, said that the less-developed regions of Odisha would experience growth after establishment of this power plant. He said that the 2,400 MW power plant at Dhenkanal and the increased aluminium production at Angul and Kamakhyanagar would fuel industrial growth in the region.
Project details of the NTPC NALCO power supply
The proposed power plant would get coal from the blocks allocated to NALCO while state government would provide 1600 acres for the thermal project. Both the CPSUs will complete formalities like executing joint venture agreement and power purchase agreement by the end of the current financial year
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