Green Arm Of Lignite Company NLC India Limited Starts Business

  • NLC India Limited a Navratna Central Public Sector Undertaking, under the Ministry of Coal
  • Incorporated a wholly owned subsidiary, NLC India Green Energy Limited (NIGEL)
  • Focusing on taking up all Renewable Energy initiatives.
  • Shri. Prasanna Kumar Motupalli, the Chairman of NIGEL, released the logo of the company
  • The new company will help in increasing the RE power generation capacity.
  • The growth of RE including storage systems like Pumped Hydro Systems and Battery Energy Storage Systems will happen concurrently.
  • As per the Optimal Energy Mix Report 2030 of CEA, Ministry of Power, the envisaged BESS (Battery Energy Storage Systems) on the Grid is about 41.65 GW and this provides a great opportunity for storage system development.
  • The subsidiary is expected to establish RE projects to the capacity of 6 GW by 2030.
Posted in Current Affairs.