India’s Cabinet Greenlights Major Renewable Push By NTPC And NLCIL

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India’s Union Cabinet has approved a strategic initiative to strengthen NTPC Ltd and NLC India Ltd (NLCIL) through expanded investments in renewable energy, aligning with the country’s net-zero ambitions and energy diversification goals.

NLCIL’s Renewable Expansion Plan

- NLCIL will invest Rs 50,000 crore to scale its renewable energy capacity from 1.43 GW to 10.11 GW by 2030
- The company aims to achieve a 50 percent renewable share in its total energy portfolio by 2030, rising to 77 percent by 2047
- NLC India Green Energy Ltd (NIGEL), a dedicated subsidiary, will lead the expansion through competitive bidding and strategic partnerships
- Current projects include 2 GW of solar and wind assets under implementation across Tamil Nadu, Rajasthan, Gujarat, and Assam
- The company will also explore green hydrogen, energy storage systems, and lignite-to-methanol conversion technologies

NTPC’s Strategic Role

- NTPC is expected to co-develop large-scale solar and wind projects with NLCIL and other partners
- The collaboration supports India’s target of 500 GW non-fossil energy capacity by 2030
- NTPC’s expertise in grid integration and energy storage will be leveraged to ensure round-the-clock renewable supply

Policy And Economic Impact

- The investments will reduce coal dependency, lower emissions, and create thousands of green jobs
- The Cabinet’s decision reinforces India’s commitment to climate goals outlined at COP26 and supports the Prime Minister’s net-zero vision for 2070

Sources: PIB India, Economic Times EnergyWorld, Indian Chemical News, Rediff Money, SSMB.