National Aluminium Company Limited (NALCO) was incorporated in 1981, as a public sector enterprise under Ministry of Mines, Government of India. NALCO is Asia’s largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. Nalco was accorded the Navratna status in April, 2008.
The company had recently decided to foray into renewable energy generation and in this regard had invited bids for a 50 MW power plant at an estimated investment outlay of Rs 300 crore. The company had called for bids on a built-operate-transfer (BoT) and the bid was for Engineering, Procurement and Construction (EPC) contract of 50 MW capacity wind energy project at suitable site in any wind potential state in India with its comprehensive Operation & Maintenance for 20 years.
According to this report, wind power majors Suzlon and RRB Energy are in the race to bag this prestigious order from Nalco. Further, Nalco Director, Finance, BL Bagra said, “Suzlon and RRB Energy have bid for the project. One of the companies will be shortlisted by the middle of December.” “The shortlisted entity will decide on location, land, among others. We are still evaluating the bids,” Bagra said, adding that the plant is likely to come up next fiscal-end.
Just a couple of days ago, the Indian Railways had announced that it had big plans of going green.
Earlier PSUs like Neyveli Lignite Corporation (NLC) had announced plans for diversifcation in Wind, and solar with plans for a 50MW Wind farm at Rs. 325 Crore and 25MW Solar Power Project. Similary, Indian Oil Corporation had diversified into Bio-Fuels and wind with the Commissioning of a 21MW wind farm.