 "SK Acharya")
Mine and power major Neyveli Lignite Corporation (NLC) set a target to become a 19,000-plus megawatt (Mw) power producer by 2025. The company has set a target to add around 7,000 Mw through renewable energy, through both greenfield and acquisitions of existing assets.
After hosting the national flag, on the eve of Republic Day, at Neyveli on Monday, in his address NLC's Chairman and Managing Director Sarat Kumar Acharya said, ”The year that has gone by was eventful for us in more than one way with the commissioning of 1000-Mw coal-based power plant, NTPL at Tuticorin and also by adding 500 Mw power generating capacity in Neyveli through commissioning of TPS-II expansion units.
NLC set a target to become a 19,000-plus Mw company by 2025 and already 6,000 Mw coal-based power generation capacity and 2,500-Mw lignite-based power generation capacity are under way.
The company already has 6000-Mw coal-based power generation capacity and 2500-Mw lignite-based power generation capacity are under way.
In the renewable, the company set a target to add around 4,000 Mw and through acquisition of power assets and company plans to add around 3,000 Mw more.
The maiden venture of NLC into solar energy saw the light of the day with commissioning of 10-Mw solar power station at Neyveli.
"The strength of our company is its dedicated and competent people and the fuel security coming from its mines," said Acharya.
On the coal front also, the company have been allotted a coal block in Jharkhand and the company has requested ministry of coal to allot further coal blocks, which will fuel company's capacity additions in coal-based generation.
"We are no more a company limited to lignite mining and lignite-based power generation, renewable energy and coal mining. We have set our foot prints in other parts of the country and are poised to be a company with pan-India stature," he added.
The diversification and expansion plans are propelling the company to new heights. The growth plan that the company has before requires acquisition of new business skills and honing of the existing skills coupled with change of mindset to break the comfort zone, accept the challenges, said Acharya.
