NTPC, Nalco to set up power, aluminium plants for Rs36,000 crore
19 December 2016
State-owned power producer NTPC Ltd and aluminium producer National Aluminium Co. Ltd (Nalco) on Friday signed a deal to jointly set up a 2.4 giga watt (GW) power plant and one million tonne aluminium production facility in Odisha with an investment of Rs36,000 crore, the companies said in a statement.
The proposed power plant at Gajmara will comprise three units of 800 mega watts (MW) each and will source coal from the mines operated by Nalco. The plants will have Nalco’s factory at Angul as a power customer.
Formal joint venture and power purchase agreements will be in place by the end of the current financial year, the companies said in the statement issued after the deal was signed.
“The aluminium smelter project (that converts raw material alumina into aluminium) and the power project will act as a catalyst for industrial growth in the region creating direct and indirect employment for engineers, supervisors and skilled, semi-skilled and unskilled workers,” according to the statement.
Power minister Piyush Goyal, who was present at occasion, said coal, which is sufficiently available at present, will make the new power project viable in Odisha and also enable production of aluminium cost competitive. “Today, aluminium use is going up in the automobile and aerospace industries in order to improve energy efficiency,” Goyal said, adding that the joint venture was part of the ‘Make in India’ drive.
Oil minister Dharmendra Pradhan, who was also present, said the government was committed to building these plants with the best clean coal technology available in the world to keep pollution under check.
Nalco chairman and managing director Tapan Kumar Chand said construction of the power plants and the aluminium production unit will be completed in four years.
The joint venture will strive to keep the cost of power generation to a minimum so as to benefit aluminium production, NTPC chairman and managing director Gurdeep Singh said.
NTPC is in the process of diversifying into the commodities business, besides venturing into clean energy and nuclear energy sectors.
The government had approved a deal between NTPC and Coal India Ltd in May for setting up three fertilizer factories with a total investment of Rs20,000 crore. State-owned Indian Oil Corp. Ltd is expected to join the project for which state-owned Fertilizer Corp. of India Ltd. will provide land. The power producer also has a joint venture with Nuclear Power Corp. of India Ltd (NPCIL) for establishing two 700 MW nuclear power plants in Gujarat.
Source – Livemint
Sustainable steel making for “Make In India” and achieving Paris climate deal targets
ND Rao, PMAI
Exclusive
26 September 2016
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India blessed with around 30 billion tons of Iron Ore Resource base (as on 2015), 20% High Grade, 30% Medium Grade & balance 50% Low Grade ore. All medium & low grade ores require to be processed through washing & beneficiation plants to enrich ore quality for use in Steel making. Iron ore beneficiation & pelletisation plants with total capacity around 116 MTPA & 85 MTPA respectively have come up in the country to use these low grade iron ore fines. It is expected the steel consumption will increase to around 150 kg/person/yr from existing level of 60 by 2030, which amounts around 200 million tons steel production. It is estimated by 2060, India will be a develop country with a population of 1600 million & highest in the world. Considering present 100 million Tons Steel production & 85 million Tons of Pellet production per year, following CO2 emissions can be reduced per year for sustainable steel making. Mining – As per FIMI, around 100 million tons of iron ore fines stocks are available in our country. Existing Iron ore Beneficiation units shall use these fines’ dumps, which in turn reduce further mining & reduction in CO2 emission by 0.09 Mil. Tons (0.9 KgCO2/t X 100 Mil. Tons) Pipeline – Around 24 MTPA Iron ore slurry is being transported through underground pipeline from various Beneficiation Plants to respective Pellet Plants. It reduces CO2 emission by 0.8112 Mil. Tons (33.8) Kg CO2/t X 24mil. Tons) per annum comparing to road transport Agglomeration – 85 MTPA Iron ore pellet production will reduce CO2 emission by 19.55 Mil. Tons ((230) Kg CO2/t X 85 Mil. Tons) per annum comparing to sintering process. Iron & Steel Making – By use of 85 MTPA Iron ore pellets for iron & steel making will reduce CO2 emission by 26.7 Mil. Tonnes ((1255-941) Kg CO2/t X 85 Mil. Tonnes) per annum comparing to the use of sinters. In total; around 47.15 Million Tons of CO2 emission per year can be reduced by changing to sustainable technology in Steel making value chain. In order to ratify Paris climate deal, Steel makers have to reduce carbon foot print to achieve the below target set in Paris Climate deal * CAPPING TEMP RISE < 2 deg C * 35% REDUCTION IN EMISSION LEVELS BY 2030 FROM 2015 LEVEL * $2.5 Trillion ESTIMATED INVESTMENT REQUIRED * 40% OF OVERALL ENERGY MUST BE NON-FOSSIL FUEL BASED BY 2030 * ABOVE 25 Yrs OLD COAL BASED POWER PLANTS TO BE SHUTDOWN * 34,278 Mw TO BE CLOSED. * TOTAL COAL BASED CAPACITY 211,640 Mw (2015 CEA) |
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