NLCIL produces 12.34 billion units of green power as it treads RE path

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NLCIL produces 12.34 billion units of green power as it treads RE path - Business Standard

Quick Summary:

To achieve the target of 10,000 MW, NLCIL has formed new subsidiaries--NLC India Renewables Ltd (NIRL) to focus on asset monetisation and NLC India Green Energy Ltd (NIGEL) to spearhead clean energy initiatives.

State-owned NLCIL has produced 1,234 crore units of green power, thereby preventing the emission of one crore tonne of carbon dioxide, a coal ministry statement said.

Primarily a lignite-based power generating company, NLCIL is targeting 10,000 MW renewable energy capacity by 2030.