NLC targetting 17 GW capacity by 2030, to invest Rs 82,700 cr: CMD
NLC India plans to invest Rs 82,700 crore by 2030 to scale up its power generation capacity capacity to 17 GW, the company's CMD Prasanna Kumar Motupalli said.
Out of the 17 GW, 6 GW will be renewable-based capacity and the balance 11 GW from conventional sources, he told PTI in an interaction.
"NLC is having a target of 17 GW by 2030. Based on that we have envisaged a capex of Rs 82,700 crore," Motupalli said in reply to a question on the ongoing and future investment plans of the company.
At present, NLC has an installed power generation capacity of 6 GW which comprises 1.4 GW from green sources, the CMD said.
The company has set a capex target of Rs 2,480 crore for the ongoing 2023-24 fiscal, he said adding NLC will achieve 80 per cent capex utilisati...