Industry Odisha Bureau, Oct 24: NLC India Limited has signed a memorandum of understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) to establish a 3,200 MW ultra-supercritical coal-based thermal power plant in Odisha. The proposed project involves an investment of Rs 35,000 crore.
Notably, the plant will comprise four units of 800 MW each and is expected to generate around 4,000 jobs. The company is in the advanced stages of finalizing the project’s location and land details.
The MoU was signed by IS Jasper Rose, Executive Director (Mines and Land) of NLC India, and Aboli Sunil Narvane, MD of IPICOL, in Mumbai. Odisha CM Moha Charan Majhi, Industries Department Additional Chief Secretary Hemant Sharma and NLC India Chairman-cum-Managing Director Prasanna Kumar Acharya were present.
Further, NLC India has also proposed investing Rs 2,000 crore in a beach sand mineral processing facility in Odisha. The project is expected to create around 500 jobs and support value addition in the state’s mineral sector.
The latest proposal adds to the company’s existing investments in Odisha. NLC India is developing a separate 2,400 MW thermal power plant linked to its Talabira coal mines in Western Odisha. Estimated at Rs 27,213 crore, the project will have three units of 800 MW each and is supported by the Talabrila II and III opencast mines, which have a combined annual production capacity of 20 million tonnes.
The company’s coal portfolio also includes the Machhakata block in Angul, with a planned capacity of 30 million tonnes annually. Apart from which are New Patrapara South, planned for 12 million tonnes annually.
Additionally, NLC India and IPICOL are also exploring a coal gasification project. This will produce syngas for manufacturing ammonia and other chemicals used in fertiliser production. Separately, NLC India has also partnered with (NALCO) to develop a 1,080 MW captive power plant in Angul for NALCO’s Aluminium operations.
