NTPC, NALCO ink MoU to establish a 2.4 GW power project at Gajmara, Odisha

Posted on:17 Dec 2016 18:19:46
NTPC, NALCO ink MoU to establish a 2.4 GW power project at Gajmara, Odisha
17 December 2016 Current Affairs: State-owned power producer National Thermal Power Corporation (NTPC) and aluminium producer National Aluminium Co. Ltd (NALCO) have signed MoU to establish a 2.4 giga watt (GW) Coal based power project at Gajmara, Odisha. The MoU will facilitate setting up of a Joint Venture (JV) Company between NTPC and NALCO. It also seeks to set up one million tonne aluminium production facility in Odisha.

The proposed 2.4GW power plant at Gajmara will comprise three units of 800 megawatts (MW) each. It will source coal from the mines operated by NALCO. 

The power from plant will be provided to NAlCO’s factory at Angul which is aluminium smelter project (that converts raw material alumina into aluminium) and also Greenfield project at Kamakhyanagar in Dhenkanal district of Odisha. This JV project will act as a catalyst for industrial growth in the region creating direct and indirect employment for engineers, supervisors and skilled, semi-skilled and unskilled workers. It will strive to keep the cost of power generation to a minimum so as to benefit aluminium production for automobile and aerospace industries to improve energy efficiency.

National Thermal Power Corporation Limited  : NTPC limited is a Central Public Sector Undertaking (CPSU), operational under the aegis of Union Ministry of Power. It is engaged in the business of generation of electricity and allied activities. It is India’s largest power generator company and accounts for 25% of total electricity generated in the country.
State-owned power producer National Thermal Power Corporation (NTPC) and aluminium producer National Aluminium Co. Ltd (NALCO) have signed MoU to establish a 2.4 giga watt (GW) Coal based power project at Gajmara, Odisha. The MoU will facilitate setting up of a Joint Venture (JV) Company between NTPC and NALCO. It also seeks to set up one million tonne aluminium production facility in Odisha.

The proposed 2.4GW power plant at Gajmara will comprise three units of 800 megawatts (MW) each. It will source coal from the mines operated by NALCO. 

The power from plant will be provided to NAlCO’s factory at Angul which is aluminium smelter project (that converts raw material alumina into aluminium) and also Greenfield project at Kamakhyanagar in Dhenkanal district of Odisha. This JV project will act as a catalyst for industrial growth in the region creating direct and indirect employment for engineers, supervisors and skilled, semi-skilled and unskilled workers. It will strive to keep the cost of power generation to a minimum so as to benefit aluminium production for automobile and aerospace industries to improve energy efficiency.

National Thermal Power Corporation Limited  : NTPC limited is a Central Public Sector Undertaking (CPSU), operational under the aegis of Union Ministry of Power. It is engaged in the business of generation of electricity and allied activities. It is India’s largest power generator company and accounts for 25% of total electricity generated in the country.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 September

18 SEPTEMBER
NEWS
17 SEPTEMBER
NEWS
16 SEPTEMBER
NEWS
15 SEPTEMBER
NEWS

Current Affairs 2018 August

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs 2018 July

31 JULY
NEWS
30 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS