NLC to add 1000 MW by June 2018

Public sector power giant NLC India is planning to add 1000 MW capacity by June 2018. By March 2018, it will add 500 MW unit, followed by another unit in two months.

According to the company’s Chairman SK Acharya, the company will have 640 MW solar power which will be commissioned around the same time.

In an interview to CNBC-TV 18, he said so far they have got Power Purchase Agreements (PPAs) for 630 MegaWatt from the government of Tamil Nadu.

“We have got a letter of consent from Government of Odisha for 500 MW and we are also in talks with Karnataka and Uttar Pradesh for signing more PPAs. This could be finalised by July to August.

For them, 99 percent of business is long-term PPA and 2 percent is trading,” he said.

Image Credit : static-news.moneycontrol.com

Research Desk

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