NLC revalidates its corporate plan 2030 and vision 2047

India is committed to a low carbon emission path while pursuing its development goals, as pledged at COP 26. The nation aims to achieve 500 GW of non-fossil energy capacity by 2030. As a leading & responsible Central Public Sector Enterprise, NLC India Limited (NLCIL) plans three-fold increase in its total power generation capacity by 2030, to address the double requirement of energy security and sustainability. NLCIL intends to achieve RE portfolio mix of 50% of the total planned capacity, i.e, from the present RE capacity of 1.43 GW to 10.11 GW. The above plan entails an investment of₹ 50,000 Cr (approx) in Renewable portfolio, which will support India's RE target and contributes to the broader aim of achieving 'Net Zero' emissions by 2070. This enhanced target aligns with the Government’s “Panchamrit” initiative announced at the COP 26 Summit as India's contribution &commitment towards climate action. NIGEL(NLCIndiaGreenEnergyLimited),awhollyownedsubsidiaryofNLCILestablishedwith special focus on Renewable Energy Generation,issettoleadthecompany'sintendedrenewableenergyportfolio.Currently,2GWofrenewableenergyassetsareunderimplementation,NIGELaimstoexpanditsportfoliobyparticipatingincompetitivebiddingandexploringemergingopportunitiesinthegreenenergysector.ThisexpansionwillreduceIndia'sdependenceonconventionalenergysources,diversifyenergygeneration,andlowercoalimport.Additionally,itwillhelpensureroundtheclockpowersupplyacrossthecountry. NLCILenvisagestoincreasetheshareofRenewableEnergyfrom50%at2030to77%at2047 in its energy generation portfolio, enabling the company to achieve NetZeroby 2070.Witha much changed energy landscapebeyond2030,NLCIL foreseesnonewthermalpowercapacityaddition.Instead,Innovationinreducingtheemissionsfromtheexistingthermalpowerstationswillbetheguidingactioninthedomain.