Nalco seeks energy banking ties with GRIDCO

July 20th, 2011 - 9:49 pm ICT by IANS  

Bhubaneswar, July 20 (IANS) The state-owned National Aluminium Company Ltd (NALCO) has proposed the Orissa-run GRIDCO Ltd to have energy banking arrangement so that both can help each other to meet their energy needs during a crisis, official said Wednesday.

The company has formally submitted a proposal to GRIDCO - the bulk purchaser of power - and asked it supply continuously 50 MW power for three months during the monsoon.

“NALCO would help GRIDCO by returning same amount of power after September with five percent extra,” NALCO’s director (Commercial) Ansuman Das told IANS.

GRIDCO is still considering the proposal.

Nalco is India’s third largest aluminium producer. It runs a captive power plant of 1,200 MW comprising 10×120 MW clusters for firm supply of power to its smelter at the district headquarters town of Angul.

The power plant is located close to the smelter.

NALCO has made the request to GRIDCO because the monsoon season is favorable for the generation of more hydro power and it is the period when NALCO faces problems of low thermal power generation due to wet coal in monsoon, he said.

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