NLC to invest Rs 1,290 billion to increase mining, power generation capacity

NLC India Limited is planning to invest Rs 1,290 billion to increase production capacity in mining and power generation by 2025.

The public sector company also has plans to set up renewable energy projects which can generate power up to 4251 Mw.

The total power-producing capacity of NLC, the report further said, is expected to go up from 4,731 MW as on June 30, 2018, to 21,011 MW with an addition of 16,280 MW by 2025, from various sources of power generation.

The plan also includes the investments it would make through subsidiaries and joint ventures.

NLC plans to double the lignite-based power from the current 3,240 MW capacity with the addition of another 3,540 MW by 2025, while the coal-based power generation would be increased multifold, from the 1,000 MW as on the end of June, this year, with another 5,980 MW.

Image Credit : bsmedia.business-standard.com

Research Desk

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