NLC India Ltd produces 1,234 crore units of clean power PSU Watch Archive
News Updates

NLC India Ltd produces 1,234 crore units of clean power

NLC India Limited has produced 1,234 crore units of green power, thereby preventing the emission of one crore tonne of carbon dioxide

PTI

New Delhi: State-owned NLC India Limited has produced 1,234 crore units of green power, thereby preventing the emission of one crore tonne of carbon dioxide, a coal ministry statement said.

Primarily a lignite-based power generating company, NLCIL is targeting 10,000 MW renewable energy capacity by 2030.

PSU Watch is now on Whatsapp Channels. Click here to join

NLC India Ltd (NLCIL) ventured into renewable energy with 1,380 MW of solar power plants and 51 MW of wind power plants.

To achieve the target of 10,000 MW, NLCIL 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 by 2030. Significant projects are underway in Neyveli (Tamil Nadu), Barsingsar (Rajasthan), Gujarat, and Assam.

Last month, NLCIL signed a 25-year power purchase pact with Telangana state discoms for 200 MW solar energy at a competitive price under the Central Public Sector Undertaking (CPSU) scheme.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Govt should include coking coal in list of critical minerals to boost production: Niti report

NFL to foray into nano liquid urea production

Avaada Group to invest Rs 5,800 crore in Rajasthan to develop RE projects

NTPC Green Energy IPO fully subscribed

Sensex, Nifty bounce back in early trade after sharp fall in previous session