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NLC India, NALCO Form 50:50 JV for 1,080 MW Captive Power Plant
- •NLC India and NALCO will establish a 1,080 MW thermal captive power plant through a 50:50 joint venture.
- •The JV, named NLC NALCO Power Limited, will develop the plant in phases with four 270 MW units to meet NALCO's power needs.
- •The joint venture will also explore long-term power purchase agreements for NALCO's renewable energy requirements.
- •DIPAM has approved the JV formation, with the Ministry of Coal conveying the approval on September 8, 2026.
- •The announcement comes as aluminium prices are expected to moderate to $3,100-$3,200 per tonne for the rest of the year, according to NALCO Chairman-cum-Managing Director Brijendra Pratap Singh.
Key Questions Answered
NLC India and NALCO are establishing a 1,080 MW thermal captive power plant through a 50:50 joint venture. The plant will consist of four units, each with a capacity of 270 MW, primarily designed to fulfill NALCO's captive power demands.
The Ministry of Coal conveyed approval from the Department of Investment and Public Asset Management (DIPAM) for the joint venture through a letter dated September 8, 2026. The formation of the entity remains subject to other statutory and administrative clearances.
NALCO Chairman-cum-Managing Director Brijendra Pratap Singh stated that aluminium prices are expected to moderate to $3,100-$3,200 per tonne for the remainder of the year. Meanwhile, the alumina market is projected to see a surplus of approximately 1.6 million tonnes, keeping prices around $350 per tonne.
