Neyveli Lignite to set up a 300 Mw solar power plant in Odisha: Report

Neyveli Lignite Corporation (NLC) is reportedly planning to set up a 300 Mw solar power plant in Balasore district of Odisha. The project cost of installing 1 Mw solar capacity is likely to be around Rs 7 crore-Rs 8 crore.

NLC has already decided to enter solar power generation, with its first project being 50 Mw capacity in Andaman. The Ministry of New and Renewable Energy has prepared an action plan for Andaman and Nicobar Islands towards achieving its programme of green initiatives.

Neyveli Lignite Corporation is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.