NLC India signs pact with TANGEDCO to supply 1500 MW power

17 Mar 2022 , 03:51 PM

A Power Purchase agreement for procuring 1500 MW power from Thermal Power Project at TALABIRA, Jharsuguda District in Odisha was signed between TANGEDCO and NLCIL (NLC India Ltd) in the presence of the Hon’ble Chief Minister of Tamil Nadu Thiru M.K Stalin.

The Agreement was signed by Shaji John, Director (Power) on behalf of NLC tndia Ltd and U.B.Eleni, Director (Generation) on behalf of TANGEDCO.

NLC India Limited, a Navratna PSU under the administrative control of Ministry of Coal, GoI, is in the process of setting up a thermal power Plant with a capacity of 2400 MW consisting of 3 Units of 80OMW super critical technology.

This will be a pithead captive thermal power project linked with NLCIL’s Talabira II & III Mines of capacity 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 the art super critical Technology and environmental compliances.

During the event, Rakesh Kumar, CMD, NLC India Limited and Chairman, NLC Tamil Nadu Power Limited along with Shaji John, Director (Power), NLC India Ltd, Jaikumar Srinivasan, Director (Finance), NLC India Ltd., presented a cheque of Rs15.16 crore to the Hon’ble Chief Minister of Tamil Nadu Thiru M.K Stalin towards dividend payment in the presence of Thiru V. Senthil Balaji, Hon’ble Minister for Electricity, Prohibition and Excise, Tamil Nadu, Dr. Anil Kumar Jain, IAS, Secretary, Ministry of Coal, Govt of India, Dr. V.lrai Anbu, IAS, Chief Secretary, Tamil Nadu, Rajesh Lakhoni, IAS, CMD, TANGEDCO, Ramesh Chand Meena, IAS, Additional Chief Secretary, Energy Department, Tamil Nadu and other Senior Officials.

NLC Tamitnadu 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% Interim Dividend on the Paid up share capital for the Financial Year 2021-22.

NLC India ended  at Rs63 per piece up by Rs0.4 or 0.64% on the BSE.