Power News We love to talk!

JUL 18 2016

Neyveli Lignite plans 300 Mw solar plant in Odisha

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 18th JUL 2016


Chennai-based Neyveli Lignite Corporation Ltd (NLC), a Navratna PSU, has expressed interest in establishing a 300 Mw solar power plant in Odisha’s Balasore district. While the project cost has not been disclosed, industry estimates put the cost of installing 1 Mw solar capacity at about Rs 7 crore–Rs 8 crore.

“The exact location of the proposed solar power plant is yet to be firmed up. Neyveli Lignite is keen on setting up the plant in Balasore district where the state government is developing a solar park under the Government of India scheme,” a top official told Business Standard, adding that a team from the company is expected to visit Odisha shortly to see the site and examine the feasibility of the project.

NLC has already decided to enter solar power generation, with its first project being 50 Mw capacity in Andaman. The Ministry of New and Renewable Energy has prepared an action plan for Andaman and Nicobar Islands towards achieving its programme of green initiatives.

The Odisha government has unveiled an ambitious plan to establish a 1000 Mw solar park aiming to tap its potential for solar power. The state government has proposed to set up the park in cluster mode since it is not feasible to procure 5000 acres of contiguous land.

The park, to be developed on the public private partnership (PPP) mode, has been formally approved by the Ministry of New and Renewable Energy (MNRE). It is poised to attract investments to the tune of Rs 6500 crore.



Odisha Andaman and Nicobar Islands Chennai Renewable Energy Power Generation Ministry of New and Renewable Energy Energy Power Plant Neyveli Lignite Corporation Power India solar power Solar

Related News

  • Coal import graph turns flat at 16.65 million tonnes for October  Read more
  • Discoms propose power tariff of 6.95 per unit for electric vehicles  Read more
  • Greenko set to buy out SunEdison India assets  Read more
  • LIC hikes stake in NTPC to 12.98%  Read more
  • How the allotments for Arunachal's hydel projects flow back to political funding  Read more
  • Renewable energy at the core of India's 'smart cities' push  Read more
  • N Chandrababu Naidu to declare Andhra Pradesh as 100% household electrification state  Read more
  • And the lights all went out  Read more
  • Loan pact inked for 24X7 power supply in State  Read more
  • Gail India to partner US firm for new gas power generation technology  Read more