NLC India to Increase RE Capacity to 10 GW by 2030
With a current renewable energy capacity of 1.4 GW, NLC India is set to quadruple this figure. Significant projects are underway in Neyveli in Tamil Nadu, Barsingsar in Rajasthan, Gujarat, and Assam.
September 30, 2024. By Mrinmoy Dey
Following the Prime Minister's clarion call in 2015 for a robust shift towards renewable energy as India transitioned from ‘Megawatts to Gigawatts, NLCIL became the first CPSE in the country to generate 1 GW of renewable energy, a coal ministry statement said.
It remarked, “This day marks a significant milestone, as it was on September 28, 2015, that the company embarked on its renewable energy journey by commissioning a 10 MW solar photovoltaic power plant in Neyveli.”
NLCIL, primarily a Lignite-based power generating company, has ventured into renewable energy with 1380 MW of solar power plants and 51 MW of wind power plants. “NLCIL has generated 1234 crore Units of green energy effectively preventing the emission of one crore tonne of carbon dioxide,” it said.
To achieve this goal, the company has already set its plans in motion. NLC India has formed new subsidiaries – NLC India Renewables Ltd. (NIRL) to focus on asset monetisation and NLC India Green Energy Ltd. (NIGEL) to spearhead clean energy initiatives.
Furthermore, NLCIL’s membership in the International Solar Alliance (ISA) underscores its commitment to environmental sustainability within the coal sector.
With a current renewable energy capacity of 1.4 GW, NLCIL is set to quadruple this figure. Significant projects are underway in Neyveli, Barsingsar (Rajasthan), Gujarat, and Assam.
The company has been actively pursuing projects in Solar and Wind power, Energy Storage Systems (ESS), Green Hydrogen, Pumped Storage Hydro projects, Lignite-to-Methanol conversion, mine overburden-to-sand initiatives, and critical mineral exploration.
Last month, the NLCIL signed a 25-year power purchase agreement with Telangana state DISCOMs for 200 MW of solar energy at a competitive price under the Central Public Sector Undertaking (CPSU) scheme.
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