NSL Consolidated connects to Andhra Pradesh grid
Grid power connection has been granted to NSL Consolidated (ASX:NSL, NSLO) by the Government of Andhra Pradesh (GoAP).
Approval for a 33kV grid power connection allows NSL to tap into the GoAP power grid and gives the company access to an industrial specific power grid for all operations at its stockyard, which includes the Phase 2 wet beneficiation plant.
The company sought approval into the grid via the Memorandum of Understanding it has with GoAP.
Approval was granted within six days of document submission. NSL sees this as validation of its value addition in the Indian iron ore industry.
NSL executed the MoU to support a five year growth strategy in Andhra Pradesh directly with the State Government.
Andhra Pradesh is on track for +14% growth for the next 15 years as a result of building a new state.
It has an aggressive infrastructure plan including the construction of airports, ports, highways and a new Greenfield capital city.
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