A joint task force has been set up by Nalco and Iranian industries ministry to deliberate on the proposed smelter and gas-based power plant in Chabahar Free Trade Zone.
The task force, comprising senior project, operations and marketing executives of Nalco, Directors of Ministry of Industries, Government of Iran and senior executives of Iranian Aluminium Company, is given three months to submit its report, a NALCO release said here today.
"The project would help Nalco to use low-cost energy available in Iran for conversion of its alumina, presently exported to international markets, to aluminium," it said, quoting Nalco's CMD Tapan Kumar Chand.
Chand is in Iran as part of an Indian business delegation, led by Union Petroleum Minister Dharmendra Pradhan. During this visit, Chand held discussions with Iran's Deputy Minister of Industry, Mines & Trade, Chairman of IMIDRO and top Iranian officials and other aluminium companies.
Based on the report, ownership pattern, project financing, long-term supply of gas and other aspects would be decided. A team from IMIDRO is likely to visit NALCO shortly, the release said.
Chand thanked Pradhan for his initiative in taking up NALCO's proposal including gas pricing, long term supply of gas and allotment of land in Chabahar at the highest level of Iranian Government.
