NLC India’s CMD Prasanna Kumar Motupalli stated that the company expects to invest Rs 82,700 crore by 2030 to increase its power-producing capacity to 17 GW.
He told PTI that 6 GW of the 17 GW will be renewable power, with the remaining 11 GW coming from conventional sources.
In response to a query about the company’s current and future investment plans, Motupalli stated, “NLC has a target of 17 GW by 2030. Based on that we have envisaged a capex of Rs 82,700 crore”.
“At present, NLC has an installed power generation capacity of 6 GW which comprises 1.4 GW from green sources”, Motupalli continued.
The business has set a capex target of Rs 2,480 crore for the current fiscal year 2023-24, he said, adding that NLC will achieve the Ministry of Coal’s target of 80% capex utilization by December.
The Rs 19,406 crore project is a collaboration between NLC and the Uttar Pradesh government.
NLC is constructing a 3 x 800 MW pithead thermal power plant in Talabira, Odisha, at a cost of Rs 19,422 crore.
The project is expected to begin before the end of this year, as the tendering process is nearing completion.
Also read: Philippines Alleges China Struck A Resupply Boat
Singapore’s CapitaLand Commits to Significant Growth in India
Passport Seva Portal To Undergo Maintenance
Pradyumna Kumar- The man who cycled from India to Europe for love
NASA’s Sunita Williams Faces 3 Deadly Scenarios With Boeing Starliner
Manasi Joshi: The Paralympic Athlete Who Redefines Resilience
Wipro’s Share Splits Turn ₹10,000 Investment From 1980 Into ₹1,000 Crore
6 Indian Athletes Who Won Medals At Paris Olympics 2024
6 Indian Military Bases Around The World
PM Modi In Kerala: Visits Landslide-Hit Wayanad; Expresses Concern Over Impact On Local Children
8 Things To Know About Quit India Movement
Paris Olympics 2024: After the Games are over, what happens to Olympic villages?
4 Countries That Are Income Tax- Free
Union Budget 2024: Key Highlights
Anti Quota Agitation In Bangladesh
10 Oldest World Leaders In Power
Priyanka Chopra Birthday: 5 Unknown Facts About Priyanka Chopra
10 Favourites To Win Medals For India At Paris Olympics 2024
5 Celebs Who Want Joe Biden To Step Aside
5 Most Followed Political Leaders On X, Here’s PM Modi’s Latest Ranking
Donald Trump Assassination : A Look Back At The Four Assassinations Of U.S. Presidents In American History