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NLC to acquire multiple power projects

NLC to acquire multiple power projects

Neyveli Lignite Corporation (NLC) is examining a number of power projects on offer to scale up its generating capacity rapidly. B Surender Mohan, Chairman and Managing Director, NLC, said it is examining nine projects, where the promoters have showed interest in letting NLC acquire the projects. These proposals have been received in response to call for expressions of interest by NLC. NLC mines about 30 million tonne of lignite annually and has association in power generation of about 2,740 MW. It is also examining offers from coal blocks abroad.

The company is considering acquiring coal blocks in Mozambique, Indonesia and Australia for which technical, financial and legal due diligence are on.

NLC needs coal for its projects in the pipeline including a 1,000-MW project jointly-held with the Tamil Nadu Generation and Distribution Corporation at Tuticorin and NLC´s own 4,000-MW project planned in Sirkali.

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