NMDC is mulling to set up a 250 MW coal based power plant.
The company is holding discussions with NTPC and SAIL for a possible JV. PFC Consulting is helping NMDC in selecting the JV partner and other related issues in setting up the power plant. The proposed plant is proposed to cater to the power requirements of NMDC's upcoming three million tonne steel plant at Nagarnar in Chhattisgarh. The power plant may require investment to the tune of Rs 1,200 crore. NMDC may be retaining a minimum of 26 per cent stake in the venture and will source a minimum 51 per cent power from the plant. It may source coal from NMDC's Shahpur (East) and Shahpur (West) blocks in Madhya Pradesh.