NLC’s 3,200 MW power plant in Odisha stuck in power allocation issues

NLC India Limited’s proposed 3,200 MW coal-based power plant in Odisha is facing issues with the state government over power allocation. The state government has demanded an allocation of 14 per cent power at variable cost; however, NLC India has contested it stating that the condition does not apply to a central PSU. The company has committed an investment of Rs 118.75 billion for the plant, which is planned to come up at Tareikela near Jharsuguda, in the vicinity of the company’s Talabira I and Talabira II captive coal blocks. Apart from the plant, the company has committed an investment of Rs 22.5 billion for 300 MW of solar projects across the state.