NLC India Limited (NLCIL), a leading Central Public Sector Enterprise, has announced its Corporate Plan 2030 and Vision 2047, focusing on sustainability and green energy initiatives.
NLCIL aims for a three-fold increase in its total power generation capacity by 2030. A crucial aspect of this expansion is the company’s ambitious target to derive 50% of its energy portfolio from renewable sources by that year. NLCIL plans to boost its renewable energy (RE) capacity from the current 1.43 GW to 10.11 GW, aligning with India’s broader goal of achieving 500 GW of non-fossil energy capacity by 2030, as pledged at the COP26 summit.
This green transition will involve an investment of approximately ₹50,000 crore in renewable energy projects, contributing to India’s commitment to reducing carbon emissions and achieving ‘Net Zero’ by 2070. The initiative supports the Government’s “Panchamrit” strategy, which was announced as part of India’s climate action at COP26.
To lead the company’s renewable energy efforts, NLCIL has established a dedicated subsidiary, NLC India Green Energy Limited (NIGEL). With 2 GW of renewable energy projects currently under implementation, NIGEL is set to expand its portfolio by actively participating in competitive bidding and exploring opportunities in the evolving green energy sector. This will not only help India reduce its dependence on conventional energy sources but also contribute to a more diversified energy supply and reduce coal imports.
Looking ahead, NLCIL has outlined its vision for 2047, where it expects renewable energy to constitute 77% of its total energy generation capacity. This transition is vital to achieving the company’s long-term goal of becoming carbon neutral by 2070. Significantly, NLCIL has committed to no further investments in new thermal power capacity beyond 2030. Instead, the focus will shift to innovations aimed at reducing emissions from existing thermal plants, ensuring they continue to operate more efficiently and sustainably.
