KIOCL has commissioned 5.0 MWac (6.5 MWp) Solar Power Plant at Kathrikehal Village, Chikkanayakanahalli, Tumkur District in Karnataka, to develop Renewable Energy Projects in support of Gol’s National Solar Mission and to meet the power requirement partly for KIOCL units at Mangalore. The plant was successfully completed with project cost of Rs 24.44 crore (Excluding GST) in March 2021.
The company had entered into agreement with KPTCL, BESCOM & MESCOM for wheeling of the power generated at Solar Power Plant. The power is being consumed in the Pellet Plant of KIOCL at Mangalore. The estimated power generation from the plant is 10 million Kwh per annum (10,000 M Watt hour) and approximate savings from this Plant is Rs 6.2 crore per annum, payback period is 4 years 8 months. The estimated life cycle of this plant is 25 years.
KIOCL is engaged in the business of manufacturing and exporting high quality Iron Oxide Pellets and supply of pig iron for domestic market. The company also in the business segment of Pellets, Pig Iron.
