Coal PSU NLC Aims For 17 GW Capacity By 2030, With An Investment Of Rs 82,700 Crore

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.

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