NALCO and NTPC to Invest USD2.17 Billion in Coal Fired Power Plant in Odisha, India

Published: Apr 15 2017
Deal Summary

National Aluminium Company Limited (NALCO), a manufacturer of aluminum products and NTPC Limited, a power generation company, have agreed to invest INR140,000 million (USD2,170 million) in the construction and development of a coal fired power plant situated at Gajamara in Dhenkanal, Odisha, India. The total installed capacity of the power plant will be 2,400 MW. The investment per MW will be USD0.9 million.

NALCO and NTPC will set up the power plant in two phases. The first phase of the power plant will have an installed capacity of 1,400 MW.

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