LSC India commits $3.69B for Odisha coal plant

NLC India Limited plans to invest $3.69 billion to establish a coal-fired power plant in Odisha, India, with a capacity of 3,200 megawatts. The goal is to meet the growing demand for electricity and generate approximately 4,000 jobs. The plans also include studying coal gasification to produce synthesis gas for use in the fertilizer industry, as well as a mineral processing facility for beach sand minerals with an investment of up to 20 billion Indian Rupees. This aims to boost local value addition and exploit minerals such as ilmenite, rutile, and zircon. This investment reflects a continued reliance on coal as a main energy source in India, despite international pressures to shift towards more sustainable energy sources.

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