NLCIL To Infuse Rs 50,000 Cr To Expand RE Capacity

New Delhi: Lignite-to-power producer NLC India Ltd (NLCIL) will invest around Rs50,000 crore to ramp up its renewable energy capacity from 1.43GW to 10.11GW. NLC India Green Energy Ltd (NIGEL), a wholly-owned subsidiary of NLCIL, is established with special focus on renewable energy generation, an official statement said on Friday.

“NLCIL aims to achieve a renewable energy (RE) portfolio mix of 50 per cent of its total planned capacity, increasing its RE capacity from 1.43 GW to 10.11 GW. The above plan entails an investment of Rs50,000 cr (approx) in renewable portfolio, which will support India’s RE target and contribute to the broader aim of achieving ‘net zero’ emissions by 2070,” the statement said.