NLCIL is targeting a three-fold increase in power generation by the year 2030, with the prime focus on renewable energy.

Commitment towards sustainable growth in energy by NLCIL.

Under the leadership of Union Minister of Coal and Mines, G. Kishan Reddy, NLC India Limited has forged ahead on core strategies to attain a low-carbon, sustainable future. Part of India’s COP 26 goals are aimed at achieving a low-carbon economy with minimum carbon emission, and simultaneously attaining development targets by adding 500 GW of non-fossil energy capacity by 2030.

Tripling Power Generation Capacity by 2030

According to the Ministry of Coal, NLCIL says it will increase its overall power generation capacity threefold to 2030 with emphasis on ensuring energy security and sustainability. The firm is committed to making sure that 50% of its capacity comes from RE by increasing its RE output from 1.43 GW to an impressive 10.11 GW.

Investment in Renewable Energy Initiatives

Apart from this, NLCIL is also planning to invest approximately ₹ 50,000 crores in renewable energy in its effort to help India achieve the targeted RE and the larger aim of attaining ‘Net Zero’ emissions by 2070. This move comes in the backdrop of the “Panchamrit” framework laid down by the Government during the COP 26 Summit and further reiterated through the determination of the country for climate action.

NLC India Green Energy Limited- NIGEL- Takes the Lead

Subsidiary NIGEL has been in the frontline of the renewable energy expansion of the company. Presently, the company is developing 2 GW of renewable assets, and NIGEL contemplates further expansion by participating in competitive bidding and emerging opportunities in green energy. This will not only provide a diversified energy source for the country but will also minimize dependence on conventional energy supplies and reduce coal imports, while ensuring sustained power supply throughout the country.

Long-term Renewable Energy Goals

Looking ahead, NLCIL is targeting an increase in the renewable energy share from 50% by 2030 to 77% by 2047, placing the company in a strategic position to achieve Net Zero emissions by 2070. Beyond 2030, the energy world is likely to change dramatically, and NLCIL does not propose to start any new thermal power projects but will pursue innovation to bring down emissions from the existing thermal plants.

Conclusion: Leading into a Sustainable Future

The mega plans of NLCIL are, therefore, a serious impetus to transition into renewable energy, thereby reiterating India’s commitment to a sustainable and eco-friendly future. Serious investment combined with innovative strategies places NLCIL at an advantageous level to shape India into the most decisive green energy profile.