The state-owned Numaligarh Refinery Ltd (NRL) Tuesday signed an agreement with Assam Electricity Grid Corp Ltd (AEGCL) to build a facility for sourcing power from the grid.
As per the MoU signed between the two firms, NRL will set up a facility for importing 120 MW of power from 220 KV grid of the AEGCL, the refinery said in a statement.
"The project includes drawing of 220 KV overhead power transmission lines of approximately 15 km length and setting up of 220 KV sub-station near Numaligarh Refinery," it added.
The MoU will facilitate uninterrupted power supply for seamless refinery operations, besides meeting the additional power requirement of almost 74 MW for NRL's upcoming expansion plans.
"With the development of transmission infrastructure, NRL will be able to purchase stable power instead of setting up captive plants, which is more capital cost intensive," the company said.
The NRL is expanding its capacity from existing 3 MMTPA to 9 MMTPA at an investment of Rs 22,594 crore, which also include a 1,398 km crude oil pipeline of 9 MMTPA from Paradip to Numaligarh and a 654 km product pipeline of 6 MMTPA from Numaligarh to Siliguri.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.