NMDC to set up 500-MW plant at Gonda
NEW DELHI . . Making its maiden venture into thermal power generation, state-owned iron ore miner NMDC will set up a 500-MW power plant at UP's Gonda. The company would invest about Rs 3,016 crore on the project and has roped in IL&FS Energy Development Company (IEDCL) as a partner for the project, giving it a 74% stake, sources said.
Both the companies would sign a memorandum of understanding (MoU) for the project here tomorrow. Gonda is the Parliamentary constituency of Steel Minister Beni Prasad Verma and NMDC comes under his ministry.
The power plant will consist of two units of 250 MW and about 300-350 MW electricity will be used at NMDC's upcoming 3 million tonnes steel mill in Chhattisgarh's Nagarnar, which is more than 1,100 km away from Gonda, Uttar Pradesh. Business-standard
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