NALCO to Have 223.9 MW Wind Capacity on its RE Portfolio
NALCO to Have 223.9 MW Wind Capacity on its RE Portfolio – The state-backed National Aluminium Company (NALCO) is within the process of accelerating its wind portfolio to 223.9 MW, by adding 25.5 MW of latest wind generation capacity to its renewable energy portfolio. the corporate is augmenting its portfolio by adding a replacement wind project within the state of Tamil Nadu at a capex of Rs 163 crore, Chairman and director Sridhar Patra has said during a report.
The company currently has a longtime portfolio of 198.4 MW of wind energy projects in various states across India.
The company is within the “process of augmenting its wind generation capacity to 223.90 MW by adding another wind generation project of capacity 25.5 MW at Kayathar, Tamil Nadu, at a cost of Rs 163 crore through REGen Powertech Pvt Ltd,” the CMD said within the latest report of the organization.
“Substantial progress has been made on supply and execution of the equipment. However, the work isn’t completed yet thanks to cash crunch with the executing agency,” he said.
The executing agency REGen has subsequently been mentioned NCLT, which has engaged an Insolvency Resolution Professional (IRP). The matter has been haunted by IRP who is taking necessary action to finish and commission the project during a time-bound manner, he said.
The company has said that it’s adopted green energy initiatives just like the generation of wind generation and solar energy to see the emission of greenhouse gases and associated heating.
The first wind generation plant of capacity 50.4 MW in Gandikota, Andhra Pradesh was commissioned in December 2012, the second plant of 47.6 MW capacity in Jaisalmer, Rajasthan was commissioned in January 2014 for its 3rd plant and 50.4 MW wind project in Sangli, Maharashtra was commissioned in 2016-17, the report said.
The four wind generation units have generated 310 MU net wind generation in 2019-20.
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