NALCO to Have 223.9 MW Wind Capacity on its RE Portfolio

NALCO is in the process of increasing its wind portfolio to 223.9 MW, by adding 25.5 MW of new wind power capacity to its renewable energy portfolio.

The state-backed National Aluminium Company (NALCO) is in the process of increasing its wind portfolio to 223.9 MW, by adding 25.5 MW of new wind power capacity to its renewable energy portfolio. The company is augmenting its portfolio by adding a new wind project in the state of Tamil Nadu at a capex of Rs 163 crore, Chairman and Managing Director Sridhar Patra has said in a report.

The company currently has an established portfolio of 198.4 MW of wind energy projects in various states across India.

The company is in the “process of augmenting its wind power generation capacity to 223.90 MW by adding another wind power project of capacity 25.5 MW at Kayathar, Tamil Nadu, at a capital expenditure of Rs 163 crore through REGen Powertech Pvt Ltd,” the CMD said in the latest report of the company.

“Substantial progress has been made on supply and execution of the equipment. However, the job is not completed yet due to cash crunch with the executing agency,” he said.

The executing agency REGen has subsequently been referred to NCLT, which has engaged an Insolvency Resolution Professional (IRP). The matter has been taken up with IRP who is taking necessary action to complete and commission the project in a time-bound manner, he said.

The company has said that it has adopted green energy initiatives like the generation of wind power and solar power to check the emission of greenhouse gases and associated global warming.

The first wind power 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. The third plant of capacity of 50 MW in Jaisalmer, Rajasthan, and 50.4 MW wind project in Sangli, Maharashtra were commissioned in 2016-17, the report said.

The four wind power units have generated 310 MU net wind power in 2019-20.

[Updated September 10, 2020]