NLC India Ltd. (NLCIL), the public sector lignite mining and power generation enterprise, is diversifying into power generation from renewable sources such as solar and wind in a big way.
According to a press note, as part of its diversification plan, NLCIL has joined the league of Accredited Power Traders in the country with the Central Electricity Regulatory Commission (CERC) granting it Category I licence for power trading.
NLCIL took up trading of Un-Requisitioned Surplus Power (URS) in 2016 through NTPC Vidyut Vyapar Nigam Ltd. (NVVN) and earned a revenue of ₹134 crore in 2016-17. This figure shot up to ₹294 crore in 2017-18. Read More