NLC India to invest in Rs430 bn power, mining projects
10 Sep 2020
2 Min Read
CW Team
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鈥檚 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鈥檚 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.聽
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.聽
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鈥檚 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鈥檚 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.聽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.聽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
HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport
The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..
Next Story
Brigade acquires Velachery land for Rs 16-billion project
Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..
Next Story
Liebherr marks 10,000th XPower wheel loader milestone
Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..
