NLC to invest Rs 1,290 bn to ramp up mining, power generation capacity Noor Arora
NLC India Limited plans to invest Rs 1,290 billion to add new production capacity in mining and power generation by 2025. The company, which traditionally focused on lignite and coal-based power, also plans to set up renewable energy projects which can generate power up to 4251 Mw. The total power-producing capacity of NLC, earlier known as Neyveli Lignite Corporation, is expected to go up from 4,731 MW as on June 30, 2018, to 21,011 MW with an addition of 16,280 MW by 2025, from various sources of power generation, according to the company. The plan also includes the investments it would make through subsidiaries and joint ventures. By 2025, the company plans to double the lignite-based power from the current 3,240 MW capacity with the addition of another 3,540 MW, while the coal-based power generation would be increased multifold, from the 1,000 MW as on the end of June, this year, with another 5,980 MW.
ARTICLE SOURCE: BS