Govt advises RINL to foray into renewable energy, reduce dependence on fossil fuels

Govt advises RINL to foray into renewable energy, reduce dependence on fossil fuels

Union Minister of Power, New & Renewable Energy, Piyush Goyal has advised RINL to make a foray into solar and renewable energy to reduce dependence on fossil fuels to generate thermal power.

Goyal, who is also the minister for Coal and Mines said the government will provide necessary support and incentive to industries which will come forward to set up solar power plants in the country.

The minister, who was on his maiden visit to RINL-VSP, also assured full support to RINL in allocation of coal blocks. With expansion in steelmaking capacity, raw material security is one of RINL’s top most priorities.

The steel major does not have access to captive iron ore mines which makes its input costs higher. It has thus been betting big on getting access to iron ore from the Kukunoor iron ore mines.

Incidentally, with production capacity going up to 6.3 million tonne post expansion, RINL’s iron ore requirement is estimated to go up to around 10 million tonne per annum.

Later, the minister visited major production units of the Plant including the Blast Furnace-3, Steel Melt Shop-2. He was accompanied by P Madhusudan, chairman, RINL and other senior officials including, P C Mohapatra, Director (Projects), P Raychaudhury, Director (Commercial) and K C Das, Director (Personnel).

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