NLC India to triple power capacity by 2030 with ₹50,000 crore investment

 

  • NLC India to triple power capacity by 2030 with ₹50,000 crore investment 

  • NLC India Ltd (NLCIL) has announced plans to invest ₹50,000 crore in expanding its renewable energy capacity from 1.43 GW to 10.11 GW by 2030. 

  • This ambitious project is part of India’s broader commitment to achieving net-zero emissions by 2070.

  • NLCIL envisages increasing the share of renewable energy from 50 percent by 2030 to 77 percent by 2047 in its energy generation portfolio, enabling the company to achieve net zero by 2070.
  • NIGEL aims to expand its portfolio by participating in competitive bidding and exploring emerging opportunities in the green energy sector. Currently, 2 GW of renewable energy assets are under implementation.
  • NLCIL aims to achieve a renewable energy (RE) portfolio mix of 50 percent of its total planned capacity, increasing its RE capacity from 1.43 GW to 10.11 GW
  • As the energy landscape evolves, NLCIL recognises the importance of innovation in reducing emissions from its existing thermal power stations.
  • With 2 GW of renewable energy assets currently under implementation, NIGEL is actively expanding its portfolio through competitive bidding and exploring emerging opportunities in the green energy sector. This expansion will not only reduce India’s reliance on conventional energy sources but also contribute to a more stable and sustainable power supply.
  • NLC India Revalidates its Corporate Plan 2030 and Vision 2047 with focus on Sustainable Green Initiatives

  • The above plan entails an investment of ₹ 50,000 Cr (approx) in Renewable portfolio, which will support India's RE target and contributes to the broader aim of achieving 'Net Zero' emissions by 2070. This enhanced target aligns with the Government’s “Panchamrit” initiative announced at the COP 26 Summit as India's contribution & commitment towards climate action.

  • NLCIL envisages to increase the share of Renewable Energy from 50% at 2030 to 77% at 2047 in its energy generation portfolio, enabling the company to achieve Net Zero by 2070. With a much changed energy landscape beyond 2030, NLCIL foresees no new thermal power capacity addition. Instead, Innovation in reducing the emissions   from the existing thermal power stations will be the guiding action in the domain.

  • NIGEL (NLC India Green Energy Limited), a wholly owned subsidiary of NLCIL established with special focus on Renewable Energy Generation, is set to lead the company's intended renewable energy portfolio. 

  • This expansion will reduce India's dependence on conventional energy sources, diversify energy generation, and lower coal import. Additionally, it will help ensure round the clock power supply across the country.

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