NLCIL’s Green Transition: A Catalyst for India’s Energy Future

NLC India Limited (NLCIL), a leading Central Public Sector Enterprise, is committed to aligning its growth strategy with India’s ambitious renewable energy targets. In line with the country’s pledge at COP 26, NLCIL aims to triple its total power generation capacity by 2030, with a significant focus on renewable energy.

A 50% Renewable Energy Portfolio

To contribute to India’s goal of achieving 500 GW of non-fossil energy capacity by 2030, NLCIL plans to increase its renewable energy portfolio to 50% of its total planned capacity. This involves a substantial investment of approximately ₹50,000 crore in renewable energy projects, supporting India’s broader aim of achieving net-zero emissions by 2070.

NIGEL: Leading the Charge

NLC India Green Energy Limited (NIGEL), a wholly owned subsidiary, is spearheading NLCIL’s renewable energy initiatives. 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.

Beyond 2030: A Net-Zero Future

NLCIL’s commitment to sustainability extends beyond 2030. The company envisions further increasing the share of renewable energy in its energy generation portfolio to 77% by 2047, ultimately achieving net-zero emissions by 2070. As the energy landscape evolves, NLCIL recognises the importance of innovation in reducing emissions from its existing thermal power stations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.