Sunday, May 22, 2022

NLC India sings PPA with TANGEDCO for procurement of 1500 MW electricity

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New Delhi: A power purchase agreement (PPA) for procuring 1500 MW power from thermal power project at Talabira, Jharsuguda District in Odisha has been signed between TANGEDCO and NLC India Limited in the presence of the Chief Minister of Tamil Nadu Thiru MK Stalin. The agreement has been signed by NLC India Limited’s Director (Power) Shaji John on behalf of NLC India Ltd and TANGEDCO’s Director (Generation) UB Eleni on behalf of TANGEDCO in presence of senior officials from TANGEDCO, NLCIL and the state Government.

NLC India Limited is in the process of setting up a thermal power plant with a capacity of 2400 MW consisting of 3 units of 800 MW supercritical technology. This will be a pithead captive thermal power project linked with NLCIL’s Talabira II & III Mines of the capacity of 20 million tonnes per annum. The mines at Talabira has already started coal production. The power from this plant is expected to be one of the cheapest round-the-clock power among thermal power plants in the country with state of art supercritical technology and environmental compliances.

During the event, NLC India Limited’s Chairman & Managing Director (CMD) and Chairman of NLC Tamil Nadu Power Limited Rakesh Kumar along with NLC India Limited’s Director (Power) Shaji John, Director (Finance) Jaikumar Srinivasan presented a cheque of Rs 15.16 crore to the Chief Minister of Tamil Nadu Thiru MK Stalin towards dividend payment.

NLC Tamil Nadu Power Limited is a Joint Venture Company of NLC India Limited and TANGEDCO with an installed capacity of 1000 MW Thermal Power Plant at Tuticorin, Tamil Nadu was commissioned in 2015- 16. The company has declared 7 percent interim dividend on the paid-up share capital for the Financial Year 2021-22.

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