Nalco to set up Rs 300 crore wind energy project

NEW DELHI: Aluminium PSU Nalco on Sunday said it will set up a Rs 300-crore wind mill in the country as part of its green initiative.

The state-owned navratna company is in the process of inviting bids for setting up a 50 MW wind energy project, possibly in Gujarat, Rajasthan or Tamil Nadu, a top company official said.

"We will soon be floating a tender for building our first ever wind mill project," Nalco director finance BL Bagra said.

Nalco would enter into separate contracts with the successful bidder for sale of land, engineering, procurement and Construction, and operation and maintenance of the project, he said.

"Depending on this project, we will take a view on expanding our portfolio of such green initiative," he added.

Also, the company said it is in the process of setting up smaller wind mills at high-altitude regions in Orissa where its mining operations are located to ascertain if such projects are feasible in that area.

The PSU already produces power for meeting the requirement for its its alumina refinery and aluminium smelter in Orissa.