NLC India Ltd (NLCIL) is set to make a significant investment of approximately Rs 50,000 crore to enhance its renewable energy capacity from 1.43 GW to 10.11 GW. This expansion will be managed through its wholly-owned subsidiary, NLC India Green Energy Limited (NIGEL), which is dedicated to advancing renewable energy projects.

The company aims to have 50% of its total energy capacity come from renewable sources, with the plan involving an investment of around Rs 50,000 crore. This initiative aligns with India's commitment to achieving a 'net zero' emissions goal by 2070, supporting the nation’s low-carbon development trajectory as outlined in commitments made at COP 26.

NIGEL will pursue growth by engaging in competitive bidding and exploring new opportunities within the green energy sector. Currently, 2 GW of renewable energy projects are already under development.

The expansion will help reduce India's reliance on traditional energy sources, diversify energy production, and decrease coal imports. It is also expected to contribute to ensuring a stable power supply nationwide.

NLCIL projects that its renewable energy share will rise from 50% in 2030 to 77% by 2047, facilitating its goal of achieving net zero emissions by 2070. With these changes, NLCIL anticipates no further additions to its thermal power capacity beyond 2030.

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