NTPC and NALCO signs MoU to establish a 2400 MW Coal based power project at Gajmara, Odisha 

Union Minister of State (IC) for Petroleum and Natural Gas, Shri Dharmendra Pradhan and Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal presided over the signing of a Memorandum of Understanding (MoU) between NTPC Limited and National Aluminium Company Limited (NALCO), here today. The MoU will facilitate the setting up of a Joint Venture (JV) Company to establish a 2400 MW coal based power project at Gajmara, Dhenkanal, Odisha.
●    Shri Goyal informed that the generated power will be taken by the NALCO as a JV partner for the Brownfield expansion of its 5 lakh tonne Aluminium smelter at Angul and the Greenfield project of a 6 lakh tonne smelter at Kamakhya Nagar, Odisha. The estimated investment in all these projects will be approximately Rs. 36,000 crores.
●    Congratulating the Ministry of Power for executing the long pending project, Shri Dharmendra Pradhan said that after the establishment of this power plant, this less developed region of Odisha would experience the fruits of its own mineral wealth being used for the all-round development of its own people, which was not the case so far. The 2400 MW power plant at Dhenkanal and the increased Aluminium production at Angul and Kamakhya Nagar would fuel industrial growth, in a sustainable manner, that would transform the face of the region in near future, he added.
●    Other dignitaries present at the MoU signing ceremony were Shri Tathagata Satpathy, MP Lok Sabha from Dhenkanal constituency of Odisha, Shri Prafulla Kumar Malik, Minister for Labour & Employees State Insurance, Steel and Mines, Government of Odisha, Shri Gurdeep Singh, CMD, NTPC, Dr. T. K. Chand, CMD, NALCO and other senior officials of the Ministries of Power and Mines.