NLC India, a Navaratna company that comes under the Union coal ministry, has lined up a capital expenditure of Rs 1.29 trillion for increasing its mining and power generation capacity. Of the total proposed investment, around 70 per cent would be funded through debt and the rest through equity, the company said.
The investment includes the acquisition of power assets worth around 3,000 megawatts.
The proposed investment is to achieve the company’s vision of taking the total mining capacity from 30.60 million tonnes per annum (mtpa) to 62.55 mtpa by 2025. The power production capacity will be increased to 16,580 Mw from 4,431 Mw, taking the total power generation capacity to 21,011 Mw.
The additional power generation capacity includes 5,980 Mw of coal and 4,060 Mw of renewable assets. NLC, which was formerly known as Neyveli Lignite Corporation, has been producing power based on lignite. Read More…