Vedanta seeks nod to use IPP power for smelter

Vedanta Aluminium Ltd (VAL), a unit of Anil Agarwal controlled Vedanta Resources, has sought the nod of the Odisha government for using 600 Mw power from Sterlite Energy (also a Vedanta Group firm) to run its smelter at Jharsuguda.

VAL’s 1.25 million tonne per annum (mtpa) aluminium smelter set up as a sector specific Special Economic Zone (SEZ) at Jharsuguda is lying idle presently for want of power. Sterlite Energy, an independent power producer (IPP), runs 2,400 Mw (4×600 Mw) coal-fired station at Burkhamunda near Jharsuguda.

“We have set up our aluminium smelter in Jharsuguda in line with the state’s SEZ policy 2003 and are awaiting approval. We will be very pleased if approval can be granted immediately. The company also requests the government to allow use of 600 Mw power plant to run our smelter for value addition which is lying idle,” Vedanta Resources chairman Anil Agarwal wrote to Odisha Chief Minister Naveen Patnaik. Agarwal said a quick decision by the government can help start operations of the smelter resulting in generation of economic activities, huge local employment and additional revenue creation for the state.

The company had recently sought extension of SEZ benefits for its aluminium smelter project at Jharsuguda.

Source: Business Standard


Executive at India Electron Exchange

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