- NLC, through NIGEL, will invest ₹4,000 crore and ₹4,800 crore
NLC India has planned to raise ₹5,000 crore by selling its 1.4 GW renewable energy assets, which may be completed by the end of the next financial year.
50 MW are solar plants in 1.4GW. These assets will be transferred to NLC India Renewables Ltd (NIRL). It is a part of the Government of India’s ‘national monetisation pipeline’ initiative of 2021, which seeks to monetise public sector projects between 2022 and 2025 to raise about ₹6 lakh crore.
NLC India Green Energy Ltd (NIGEL), a wholly-owned subsidiary of the company, is constructing solar and wind power facilities with a combined capacity of 6 GW by 2030.
NIGEL has successfully secured contracts for two solar projects: a 600 MW project in Khavada, Gujarat, where they won by proposing a tariff of Rs 2.72 per kWh for the first 300 MW and Rs 2.71 per kWh for the remaining 300 MW, as well as an 810 MW project in Rajasthan at a tariff rate of Rs 2.64 per kWh.
NLC, through NIGEL, will invest ₹4,000 crore and ₹4,800 crore. These two projects will be completed in 2025.
