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Home » Finance » NALCO to invest Rs. 2.74 billion for a 50MW wind farm project in Andhra Pradesh built by Suzlon

NALCO to invest Rs. 2.74 billion for a 50MW wind farm project in Andhra Pradesh built by Suzlon

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.

We had mentioend in November last year that wind power majors Suzlon and RRB Energy were in the race to bag this prestigious order from NALCO.

According to reports, State-run National Aluminium Co Ltd (NALCO) , India’s third-largest aluminium producer, said on Thursday it plans to build a 50 megawatts wind power project at Gandikota in the southern state of Andhra Pradesh.

The company will invest 2.74 billion rupees ($61 million) for the project, it said in a statement. The order will be executed by wind turbine maker Suzlon Energy.

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