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Economic Times Article Rating

Nalco eyes 200-300 MW green power capacity backed by battery storage for low-carbon aluminium

  • Bias Rating
  • Reliability

    25% ReliableLimited

  • Policy Leaning

    -10% Center

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

12% Positive

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Bias Meter

Contributing sentiments towards policy:

63% : Nalco is shifting its energy-intensive smelting to green power.
63% : In a bid to address this, National Aluminium Company Ltd (Nalco) is pursuing power purchase agreements (PPAs), developing its own green power plants, and appointing a consultant to devise strategies for securing green energy at minimal cost with round-the-clock availability, he said.
61% : The company plans to install 200-300 MW of renewable energy capacity with battery storage.
60% : State-owned Nalco is transitioning its power-intensive smelting operations to renewable energy sources, and plans to set up 200-300 MW of green power capacity backed by battery storage to ensure a reliable supply and significantly cut overall carbon emissions.
59% : As a part of a green initiative, the company has installed 198 mw wind power plants at various locations in the country and 1020 kWp rooftop solar power plants at its premises for carbon neutrality.
58% : Plans include setting up 200-300 MW of green power capacity backed by battery storage to ensure a reliable supply and significantly cut overall carbon emissions, he added.
55% : Challenges such as higher green power tariffs and supply consistency remain, but the shift is critical for sustainable aluminium production, he explained.
53% : Nalco, which currently relies 100 per cent on coal-based captive power plants that account for 80 per cent of its carbon emissions, plans to ramp up its efforts to produce green aluminium, its Chairman-cum-Managing Director (CMD) Brijendra Pratap Singh said.
50% : This move aims to ensure reliable supply and significantly reduce carbon emissions.
49% : The smelting process, which constitutes 35-40 per cent of production costs, draws power from in-house coal plants at Rs 3-3.5 per unit, while green power rates hover at Rs 4.5-5 per unit, he said.
45% : The company has commenced coal mining from Utkal D and E blocks, helping cut costs.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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