, India
Photo from NTPC

NTPC, NALCO ink deal for supply of power to future smelter plant

The smelter plant will stream over 1200 MW of power.

Indian utility company NTPC Limited has signed a non-binding memorandum of understanding (MoU) with National Aluminium Company Limited (NALCO) to supply the aluminium firm's upcoming smelter plant with over 1,200 megawatts of round-the-clock power.

The power to be supplied will be from various sources such as coal-based thermal, solar PV, other renewables, energy storage, and the like.

ALSO READ: Vena Energy receives $600m of sustainability-linked financing

The smelter plant is located in Angul, Odisha.

NTPC targets non-fossil-based capacity to 45% to 50% of its overall portfolio, comprising a 60 GW renewable capacity. 

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