NLC plans Rs 29,000 crore expansion

Chennai: 

Neyveli Lignite Corporation on Tuesday said that it will invest Rs 29,000 crore for its expansion during the 12th five-year plan.

Addressing a press conference here, chairman and managing director of NLC B Surender Mohan said that that the plan is to increase the generation capacity to 11,195 MW from the existing 2,740 MW.

Besides tapping the coal fields abroad, NLC is also planning to expand the lignite mining capacity to 38.85 million tonnes per annum from 30.60 MTPA.

He also said that the company has earned a net profit of Rs 1,459.75 crore all the products registered a growth over the performance of previous year. Lignite production registered a growth of 6.64 per cent and power generation registered a growth of 5.92 per cent during the year.

Interestingly, NLC is also focusing on energy mix and plans are on to tap solar energy and wind energy. 

He also said the company is also planning to have coal fields abroad and floated a tender in five different caregories. “We got 25 offers from countries like Indonesia, Australia, United States and several other countries,” he said without giving any further details.

On the labour issue in NLC, Mohan said that currently, the company has excess staff of 2,000. “We have not retrenched anybody,” he said.

With regard to the contract workmen issue, he said NLC is preparing a seniority list as directed by Supreme Court as the basis of inducting the latter in regular vacancies. However, he said that all the contract workers can’t be made permanent workers and this depends upon the vacancies.

TNEB owes NLC Rs 2,728 crore

Chennai:

Tamil Nadu Generation and Distribution Corporation has yet to pay dues worth Rs 2,728 to Neyveli Lignite Corporation.

Chairman and managing director of NLC B Surender Mohan said that of the 3,457 crore dues owed by various power distribution companies, Tamil Nadu tops the list with a total due of Rs 2,728 crore.