New Delhi: Bharat Aluminium Company Ltd (BALCO) has received approval from the Chhattisgarh government to start a 1,200-MW captive power plant at its Korba aluminium smelter in the state.
The functioning of the power plant, set up with an investment of about Rs 5,000 crore, would help boost BALCO's annual aluminium production capacity to 5.7 lakh tonnes, the company said in a statement Friday.
BALCO is a subsidiary of Vedanta group's Sesa Sterlite.
The company has received approval from Chhattisgarh government to start a 1,200 MW captive power plant at its Korba aluminium smelter. The power project would have four units, each having 300 MW generation capacity.
The company's annual aluminium production capacity is 3.5 lakh tonnes at present.
The captive power plant would be in addition to two existing plants, having capacity of 270 MW and 540 MW, respectively.
"Post operation, the plant, along with BALCO's aluminium smelter, is expected to contribute about Rs 250 crore to the state exchequer in form of various taxes," the statement said.
