National Aluminium Company (Nalco) has agreed to buy 80 per cent of the power to be generated by the 2,400-Mw coal-based power plant proposed at Gajamara in Odisha’s Dhenkanal district. The power plant, estimated to cost Rs 14,000 crore, is being set up by Nalco jointly with NTPC.
“Nalco will be buying 80 per cent of the power which will be used for feeding our planned greenfield aluminium smelter at Kamakhyanagar close to the site chosen for the power station. Rest of the power will be sold by NTPC to other sources. We will shortly form the JV (joint venture) company for the power project”, said T K Chand, chairman and managing director, Nalco.