Neyveli Lignite Corporation (NLC) India Limited has proposed to enhance power generation at its Neyveli complex by 2,640 MW, according to Chairman and Managing Director Sarat Kumar Acharya.
Public sector lignite mining and power generating company, Neyveli Lignite Corporation (NLC), has plans to set up units producing 600 MW solar power. The company has been recently looking at solar and wind, besides, coal as options of fuel, with plans to take total power generation capacity to 12,221 MW from its current 2,740 MW.
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.
Neyveli Lignite Corporation (NLC) would acquire coal mines abroad to fuel its power sector expansion plans in the country. In this regard, the company has got request for partnership from miners in Asia and Africa. The company wants to work in a JV with the overseas partners to source coal to India, according to B Surender Mohan, Chairman and Managing director, NLC.
In Tamil Nadu, the Tuticorin thermal power project's first unit of 1,000-MW (2x500 MW), which is under construction, is likely to be commissioned in December 2013 and the second unit by March 2014, according to Neyveli Lignite Corporation (NLC) Chairman-cum-Managing Director B Surender Mohan.
The Union government's 3.56 per cent stake sale of Neyveli Lignite Corporation (NLC) through the institutional placement route was scheduled to hit the markets on August 2 and is expected to fetch around Rs 350 crore to the exchequer. The government is selling 3.56 per cent stake or over 5.58 crore shares in NLC through an institutional placement programme (IPP) in which the Tamil Nadu based state entities would be given preference while allotment of shares.
Securities and Exchange Board of India (SEBI) would decide whether the Undertakings of Government of Tamil Nadu can buy the 5 per cent equity of Neyveli Lignite Corporation (NLC). The decision to offload the central government's 5 per cent equity in NLC was taken at a meeting of the Cabinet Committee on Economic Affairs on June 21. The union government plans to mop up around Rs 700 crore
Lignite mining-cum-power generator Neyveli Lignite Corporation (NLC) is hopeful of getting around 59 hectares of declassified forest land so that its 1,000 mw power project in Tuticorin can proceed without hitch. The land was obtained from the Tuticorin Port Trust. Long back some portion of the land was classified as forest land though there is no forest there, Chairman and Managing Director B Surender Mohan said.