Neyveli Lignite to roll out power, mining projects worth over Rs 43,000 crore

NLC India, a Navratna company known eerstwhile as Neyveli Lignite, under the ministry of coal, has earmarked over Rs 43,000 crore in various power and mining projects. The new projects will add 3,920 Mw of power, including 1,000 Mw solar power, and 11.50 million tonnes per annum (MTPA) of mining capacity to the company.

In 2019-20, the company added 1,209 Mw (total) and 17.5 Mw (solar) till June 30, 2020, and retired 400 Mw to its installed capacity. With this addition and retirement, the total installed capacity is now 4661.06 Mw. The proposed new projects include three 800 MW power plants in Odisha, two 800 MW thermal power plants, two 660 MW plants in Neyveli, a 1,000 MW solar power project, and an 11.50 million tonnes per annum (MTPA) mining project in Neyveli.

The company has signed a joint venture agreement with Coal India Ltd. to set up 5,000 MW of solar and thermal projects. These projects are expected to commence operations between 2023 and 2027.

With the completion of these projects, the company will become the first central public sector enterprise (CPSE) in the country to achieve solar power generation capacity of more than 1 GW. In June last year, NLC India had commissioned a 20 MW solar power project in Andaman & Nicobar island. 

Meanwhile, the firm has decided to put 500 MW capacity projects and 7 MTPA mining projects on hold. The power projects were supposed to be set up in Rajasthan, while the mining projects were supposed to come up in Tamil Nadu and Rajasthan.  

Leave a Reply

Your email address will not be published. Required fields are marked *