NLC India Limited (NLCIL), a Ministry of Coal subsidiary, has signed a Power Purchase Agreement (PPA) with GRIDCO Limited at GRIDCO Limited in Bhubaneswar, Odisha. This PPA covers 400MW in Stage-1 and 400MW in Stage-2 of NLCIL’s proposed Neyveli Talabira Super Critical Thermal Power Station (NTTPP). This agreement marks the complete utilization of NLCIL’s 2400 MW capacity for Neyveli Talabira Super Critical Thermal Power Station Stage-I.
The signing ceremony witnessed the presence of Shri M Prasanna Kumar Motupalli, Chairman & Managing Director (CMD) of NLC India Ltd, Shri Trilochan Panda, Managing Director of GRIDCO Limited, and Shri Gagan Bihari Swain, Director (F&CA) of GRIDCO Limited. The Power Purchase Agreement was formally executed by Shri. M Venkatachalam, Director/Power of NLC India Limited, and Shri. Umakanta Sahoo, Director (T&BD) of GRIDCO Limited.
NLCIL has already signed a similar agreement in the past with Tamil Nadu, Kerala and Pondicherry for 1,500 MW, 400 MW, and 100 MW power supply respectively from Neyveli Talabira Super Critical Thermal Power station Stage-I and in the second phase of 1×800 MWcapacity of NTTPP, 400MW is tied up now with GRIDCO Odisha .