AUGUST 20239NLCIL'S GHATAMPUR THERMAL PLANT TO GENERATE 1,980 MW POWER BY YEAR-ENDFOXCONN TO INVEST $600 MN IN KARNATAKA FOR COMPONENTS, CHIPMAKING MACHINERYThe Neyveli Lignite Corporation India Limited (NLCIL) and the Uttar Pradesh government's joint venture project, the Ghatampur Thermal Power Plant, is anticipated to start operating by the end of this year, according to a statement from the coal ministry. Three units with a combined capacity of 660 MW are expected to produce 1980 MW of electricity at the plant. The project, which is expected to cost $19,406 crore, will greatly help meet the area's energy needs.The power plant's first phase should start operating. The facility is anticipated to provide a significant 1478.28 MW of electricity, meeting Uttar Pradesh's energy needs. Additionally, it will improve the nation's overall power distribution by providing Assam with 492.72 MW of electricity. Another thermal power plant is being planned to be built by NLCIL in Talabira, Odisha. This proposed plant will be placed in close proximity to NLCIL's Talabira coal mines, with a capacity of 2400 MW divided among three units with 800 MW each.The Talabira Thermal Power Plant, estimated at R 19,422 crore, is now in the process of purchasing land and obtaining required approvals. By the end of the year, building is expected to start when the tendering process is finished. With the capacity to provide 1450 MW to Tamil Nadu, 100 MW to Pondicherry, and 400 MW to Kerala, the Talabira Thermal Power Plant will act as a centre for the distribution of electricity to several states. By the time it is finished in 2028 or 2029, the project will have greatly lowered the energy needs of the southern states. Foxconn, a Taiwanese company, is expanding its bets outside of China and will invest $600 million in two projects in the southern Indian state of Karnataka to produce iPhone case components and chip-making machinery.12,000 jobs will be created by the $350 million facility that will manufacture iPhone components, and Foxconn will collaborate with Applied Materials (AMAT.O) on a $250 million project to produce chip-making tools, according to a statement from Karnataka state. Following a meeting between Industries Minister MB Patil, Karnataka's IT Minister Priyank Kharge, and Foxconn Chairman Young Liu, investment decisions have been made.Following a meeting between Foxconn Chairman Young Liu, Karnataka's IT Minister Priyank Kharge, and Industries Minister MB Patil, investment decisions were made. Liu travelled to India to take part in a significant semiconductor conference that the federal government was hosting. Following his meeting with Tamil Nadu government representatives, the state made the announcement that Foxconn would be investing $194 million in a new facility for manufacturing electronic components that will support 6,000 jobs.In addition, Foxconn intends to seek for incentives under a $10 billion programme launched by the Indian government to support the chip manufacturing industry. The company is also in discussions with Gujarat about establishing a chip manufacturing facility in the western state. TOP STORIES
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