NALCO AND NLC INDIA FORM JOINT-VENTURE TO BUILD 1,080 MW CAPTIVE THERMAL POWER PLANT

State-owned Navratna PSU company

has signed a joint venture with to form a 50:50 JV that will develop a 1,080 MW (4×270 MW) captive thermal power plant at Anugola, Odisha. The plant will provide power to NALCO's 0.5 million tonnes per annum aluminium smelter expansion. The JV will also explore long-term arrangements for 200–250 MW of firm renewable energy (RE-RTC) and secure coal supplies through long-term contracts. is one of India’s largest integrated bauxite, alumina, aluminium and power complexes. is engaged in the business of mining of lignite and generation of power by using lignite as well as Renewable Energy. This joint venture will benefit both the companies in the long run.