NLC to invest Rs 1.3 trillion to increase capacity

State-owned power major NLC India has decided to invest Rs 1.29 trillion as capital expenditure for increasing its mining and power generation capacity.

Of the total proposed investment of the Navaratna company that comes under the Union coal ministry, around 70 per cent would be funded through debt and the rest through equity.

According to the company, the investment includes the acquisition of power assets worth around 3,000 megawatts.

The proposed investment is to achieve NLC’s vision of taking the total mining capacity from 30.60 million tonnes per annum (mtpa) to 62.55 mtpa by 2025. The power production capacity will be increased to 16,580 Mw from 4,431 Mw, taking the total power generation capacity to 21,011 Mw.

At present, of the total 4,431 Mw power-generation capacity, around 3240 Mw is based on lignite, 1000 Mw on coal and 191 Mw on renewable energy. Major chunk of the additional capacity will come from coal and renewable.

Image Credit : bsmedia.business-standard.com

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