Telangana: Singareni to venture into other minerals and crucial minerals field
We have already established consulting agencies and initiated studies on opportunities, said Singareni Chairman and Managing Director (CMD) N.Balaram after hoisting the National Flag on the occasion of Telangana Formation Day celebrations held at Kothagudem.
The central government also gives high priority to the production of key minerals, and accordingly, Singareni has decided to enter this sector, he said.
Recently, an understanding was reached to jointly produce key minerals in Australia's Queensland as a joint venture company, not just within the country but internationally as well, he informed.
Under this agreement, in addition to the 1200 MW thermal power currently being produced by Singareni Thermal Power Plant, we are planning to establish another 800 MW ultra-supercritical thermal plant at the same location, he said.
Similarly, in the coming future, we will set up another 1600 MW plant near Naini Block (Odisha) and with this, our total thermal power generated by Singareni will exceed 4000 MW, he said.
We are also planning to complete two phases of solar power plants totaling 504 MW within Singareni, including a 300 MW floating solar plant above Manair Dam and another 500 MW floating solar plant above Mallanna Sagar, he informed.
Studies have also begun on the construction of pumped storage power plants and wind power generation, he said.
Near Manuguru area, at Pagiduru, a geothermal power plant has already been constructed experimentally and electricity production has commenced, the CMD said based on this, the management has decided to establish a 200-megawatt geothermal plant there as well.
All these measures are part of plans aimed at providing a solid financial foundation and a promising future for Singareni, he added.
UNI KNR RN
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